NVIDIA CEO Jensen Huang addressed a recent market downturn where tech stocks lost over $1 trillion in a single day. Speaking in Berlin, Huang described the volatility as choppy news that does not change AI's fundamental industry impact. He stated that the long-term transformative benefits of artificial intelligence will outweigh current investor concerns.
The Philadelphia Stock Exchange Semiconductor Index recently fell for eight consecutive days. This represents the index's longest losing streak since 2008. Huang urged investors to prioritize the long-range value of the technology over short-term market movements.
NVIDIA shares declined 1.43% during the sell-off. This performance showed more resilience than other major chipmakers.