Jensen Huang: Current market turmoil will eventually pass, AI will bring transformation

Beating AI News Flash: Nvidia (NVDA.O) CEO Jensen Huang said at an event in Berlin that the current turbulence in the AI market will eventually pass, for a simple reason: AI will bring transformation and have a very positive impact on every industry and every country.

There is no doubt that the development of AI will continue to advance, and we are still in the early stages of this process. Huang said that recent market news has been changing repeatedly, but this will not change the industry's fundamentals. Large-scale hardware investment will ultimately generate returns and ease market unease.

Regarding the recent sell-off in AI chip and infrastructure stocks, with investors worried that AI investment spending will be difficult to sustain amid rising borrowing costs, Huang remains optimistic about the AI market and its impact on the overall economy. Huang said investors should focus on first principles and fundamentals and maintain attention on long-term value.