The moment I opened my eyes, AI stocks had collapsed???
Last night, Nvidia pulled off something major:
It joined forces with Wall Street giants including Blackstone, BlackRock, Goldman Sachs, and Apollo to establish an AI computing-power financing platform worth up to $500 billion.
In short:
Customers who want to buy
$NVDA GPUs but lack the money need not worry—Huang is helping them find deep-pocketed backers and borrow money to keep buying Nvda cards.
As soon as the news broke, chip and optical communications stocks plunged across the board, the Philadelphia Semiconductor Index fell sharply