Nvidia at a discount

Ipek Ozkardeskaya ipekScope

Appetite for technology was back yesterday. CoreWeave’s stronger-than-expected results gave investors something more appealing to chew on than inflation, while Anthropic’s upcoming IPO is whetting appetite for another serving of AI.

The Nasdaq 100 rebounded 2.28% as enthusiasm for artificial intelligence pushed some uncomfortable thoughts about interest rates, AI financing, falling cash flow levels and Jensen Huang’s relationship with a suspected spy into the background. Inflation hasn’t disappeared. Neither have the risks of tighter monetary policy and a slower AI buildout, nor the massive spending and increasingly questioned financing. But investors certainly found something else to look at.

Alas, things got worse again after the bell as another report emerged about CEO Jensen Huang. This one alleged another affair, this time with a company executive, while reports suggested that the board was considering ousting him. Nvidia’s share price fell as much as 10% in after-hours trading and settled near $159 per share, more than 8% below its closing level.

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Author

Ipek Ozkardeskaya

ipekScope

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

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