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Nvidia is down 15% from its record high amid concerns about the sustainability of AI spending. CEO Jensen Huang indicated he expects the AI market to become much larger, providing a constructive long-term outlook despite near-term investor worries. The move appears driven by sentiment and positioning rather than new company-specific fundamentals.

Analysis

Nvidia is down 15% from its record high amid concerns about the sustainability of AI spending. CEO Jensen Huang indicated he expects the AI market to become much larger, providing a constructive long-term outlook despite near-term investor worries. The move appears driven by sentiment and positioning rather than new company-specific fundamentals.