How Nvidia turmoil and a Democratic Congress could reshape the AI trade, according to ETF expertscnbc.com· 6h
Nvidia's longest losing streak since 2012 and CEO Jensen Huang's resignation reshuffled the AI trade — the Nasdaq had its best week since August while AMD and Broadcom gained — as Democrats took control of Congress. ETF experts on CNBC's "ETF Edge" say rivals like AMD, Alphabet, and the hyperscalers could benefit, with Dan Ives keeping a buy rating on Nvidia and estimating the "blue tidal wave" could stall 10%–20% of planned data centers.
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As background newest first
- Investors and employees petition Nvidia to reinstate Jensen Huang over spy-affair scandal
- Jensen Huang resigns as Nvidia CEO amid Washington backlash over his China chip campaign
- Tech billionaires and firms distance themselves from Trump after Democratic midterm sweep
- Data center moratorium push grows after midterms as investors weigh AI slowdown
- Trump bought Nvidia stock around China chip export decisions that benefited the company
- Nebius shares slide as analysts cut targets over data center delays and big spending plans
