AI Demand Reset
−2.1%
Huang’s warning proves broadly accurate, with hyperscalers and neoclouds slowing new GPU orders after a period of aggressive AI capacity buildout. Investors reprice Nvidia less as a flawless growth compounder and more as a cyclical semiconductor supplier entering an inventory correction.
What it moves
- Technology−3.8%
- Utilities−0.9%
- Telecommunications−0.3%
- Finance−0.2%
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