Nvidia chief executive Jensen Huang took a sanguine view of the latest AI stock-market rout, saying the benefits of the technology will soon outweigh the concerns of investors.
“All of this is going to pass, and the reason for that is very simple,” Huang told Bloomberg’s Emily Chang during an event in Berlin.
» Read more about: ‘All of this is going to pass’: Nvidia CEO Jensen Huang on AI market turmoil »
Huang declared “all of this is going to pass” as Nvidia slid just 1% while the broader tech sector lost over $1 trillion in a single day.
AMD and Intel each fell nearly 6% as investors sold riskier chip names and held Nvidia,
For Social Security’s more than 71 million traditional beneficiaries, few, if any, days are more anticipated than the annual cost-of-living adjustment (COLA) announcement during the second week of October.
But there’s much more to the Social Security Administration’s (SSA’s) annual COLA reveal than just finding out how much beneficiaries will receive in the upcoming year.
» Read more about: 6 Ways Social Security Will Change Forever in 2027. Are You Ready? »
The Nasdaq Composite Index fell 2.14% on Friday, October 16, marking a 4.48% decline for the week, its largest weekly drop since June. Meanwhile, the Dow Jones Industrial Average rose 0.67% during the same week, with the gap between the two indices exceeding 5 percentage points. This divergence is believed to have occurred because semiconductor and software stocks were sold off due to concerns over the debt of AI-related companies,
Schwab U.S. Broad Market ETF (NYSEMKT:SCHB) and State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEMKT:SPTM) provide low-cost, comprehensive access to the U.S. market, though their specific index targets and holding counts vary.
Broad market ETFs are designed to capture the performance of the entire domestic stock market in a single package.
» Read more about: SPTM vs. SCHB Compared: What to Look for in a Broad Market Index Fund »
Berkshire’s Alphabet holdings reached $37.8 billion, while $44.9 billion in quarterly AI capex pushed free cash flow negative for the first time in two decades.
Warren Buffett started Berkshire Hathaway’s (NYSE: BRK.A) stake in Alphabet in
the third quarter of 2025, and if you hold Berkshire shares in a retirement
account,
The three major US stock indices fell. The NASDAQ dropped 2.1%, highlighting the weakness in tech stocks.
NVIDIA, which was in positive territory at 11:55 PM, lost momentum afterward. The decline also spread to software.
In the Tokyo market at the start of the week, we will check for a bottoming out in semiconductors and the spread of gains to resources and daily necessities.
» Read more about: Cathie Wood’s ARK Sells Personalised, Buys Freenome and Rocket Lab Shares »
The Federal Reserve has a conundrum on its hands as it tries to tame elevated inflation. One of the primary drivers of today’s growth, and the price pressures that have followed in its wake, appears nearly immune to the higher interest rates that the central bank has begun to impose on the economy.
» Read more about: High interest rates aren’t slowing the AI boom. That’s a problem for the Fed. »
If you carry on working after you begin claiming Social Security retirement benefits, the Social Security Administration (SSA) may withhold some or all of your monthly payment.
However, this rule only applies up to a certain age, and deducted benefits are not lost forever.
