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Ken Griffin warns of 'almost certainly bubbles' in AI rally as chip stocks climb on SpaceX and Nvidia news
What happened
Hedge-fund billionaire Ken Griffin sounded a cautionary note Wednesday, warning there are 'almost certainly bubbles' within the broader AI rally, per the Wall Street Journal's live market coverage. The warning landed on the same day the AI trade got a big boost: SpaceX shares surged ~10% on blowout guidance, and chip stocks advanced after bullish comments from Nvidia CEO Jensen Huang during a Berlin keynote, helping lift the Nasdaq.
Why it matters & what’s next are part of Pro, along with the audio summary.
Start your free 14-day trialWho’s affected
- NVDA (Nvidia): up ~2% Wednesday after CEO Jensen Huang's bullish keynote in Berlin
- AI semiconductor complex: Micron, Intel, AMD, Broadcom, TSMC, SK Hynix — all higher Wednesday
- Neoclouds (CoreWeave, Nebius), server makers (Dell, HPE, Super Micro) — rallying on the same demand narrative Griffin is cautioning about
Sources