The global AI sell-off or the meltdown in artificial intelligence stocks has led to Jensen Huang, Co-Founder and CEO of US-based chip major Nvidia's loss of around 15 billion dollars. This significant loss has pushed him down to the 13th place on the Bloomberg Billionaires Index from 9th place earlier. Experts believe the decline highlights the growing investor concerns over AI valuations and questions on how sustainable is the growth momentum of the sector.
\n\nHuang's net worth fell by 15.1 billion dollars to 150.9 billion dollars, pushing him down four places to 13th on the Bloomberg Billionaires Index from ninth. He was among the biggest wealth losers of the day, alongside SpaceX founder Elon Musk and Oracle co-founder Larry Ellison.
\n\nMarket experts believe the sharp sell-off in AI-linked stocks is a sign that investors are becoming more cautious about the sector's valuations, capital expenditure, long-term returns and growth potential. In fact demand they believe while demand for AI infrastructure remains strong, concerns on the massive investments are only growing and whether these massive investments in data centres and computing capacity will generate adequate returns are also mounting.
\n\nAdam Sarhan, CEO of 50 Park Investments, told Reuters that several AI-linked stocks…
Original source: https://www.timesnownews.com/business-economy
