Nvidia's jensen Huang remains optimistic amid AI stock volatility

On October 17, 2026, NVIDIA CEO Jensen Huang expressed confidence in the long-term potential of AI despite recent declines in AI-related stocks. He stated that the positive impact of AI will eventually outweigh investor concerns, emphasizing its transformative potential across industries and nations. The market has seen significant volatility, with the Philadelphia Semiconductor Index falling for eight consecutive days, the longest such streak since 2008. NVIDIA's stock also dropped seven out of eight days. Huang urged investors to focus on AI's fundamental value rather than short-term news. CoreWeave, a cloud computing firm backed by NVIDIA, has been particularly affected, with its bond prices hitting distress levels and its stock dropping by a quarter this week. Huang reiterated the importance of adhering to first principles and focusing on long-term fundamentals, dismissing recent market fluctuations as temporary and not indicative of underlying trends.