Tech stocks tumble Friday , AI shares lead the way

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• Nvidia CEO Says All of This Is Going to Pass After Tech Lost $1 Trillion in a Day

  Nvidia CEO Jensen Huang, speaking in Berlin on October 16, 2026, said “all of this is going to pass” after a selloff that wiped more than $1 trillion from tech stocks in one day. The Nasdaq 100 fell 2.5% to 29,187.55, while the Philadelphia semiconductor index dropped 3.8% for its eighth straight losing day, its longest streak since 2008, as oil hit a five-month high. Nvidia slipped 1.43% to $214.13, while AMD, Intel, Micron and Broadcom fell between 4.52% and 5.95%. The article argues the pressure came mainly from oil and Treasury yields, with the 10-year at 5.10%, rather than from AI itself, and notes that Huang announced no new orders or guidance. Investors will look to Nvidia's November 18 earnings, where management guided to fiscal third-quarter revenue of $108.0 billion, plus or minus 2%.

  247wallst.com·17/10, 13:00▼ NVDA▼ QQQ▼ SPYNVDAtech stocksartificial intelligence
• Tech stocks tumble Friday , AI shares lead the waybrazilsun.com·16/10, 21:45▼ MSFT▼ NVDA▼ QQQ▼ AMZNtech stocksartificial intelligenceNasdaq
• Tech stocks tumble Friday , AI shares lead the wayeuropesun.com·16/10, 21:00▼ NVDA▼ QQQtech stocksartificial intelligenceNVDA
• US markets weighed down by extended sell - off in the tech sectoreldoradonews.com·17/10, 19:30▼ NVDA▼ QQQ▼ SPY▼ AAPLtech stocksNasdaqNVDA
• Nvidia’s CEO Says “All of This Is Going to Pass” After Tech Lost $1 Trillion in a Day

  On October 16, 2026, tech stocks lost more than $1 trillion in value in a single session as oil and Treasury yields rose. In Berlin, Nvidia CEO Jensen Huang said “all of this is going to pass” and that AI will benefit every industry, but he announced no new orders, guidance or customers. The Nasdaq 100 fell 2.5% to 29,187.55, and the Philadelphia semiconductor index dropped 3.8%, its eighth straight losing day and longest such streak since 2008. Nvidia slipped 1.43% to $214.13, a $5.17 trillion market value, holding up better than AMD, Intel, Micron and Broadcom. The article argues Huang’s comments do not address the real drivers of the selloff, namely WTI crude at $101.91 on October 14 and the 10-year Treasury yield at 5.10% on October 15, and calls the November 18 earnings report the key test.

  Yahoo Finance·17/10, 11:15▼ NVDA▼ QQQ▼ SPYNVDAtech stockssemiconductors
• US markets are weighed down by an extended sell - off in the tech sector – KTBB News , Weather , Talkktbb.com·16/10, 23:00▼ NVDA▼ QQQ▼ SPY▼ AAPLtech stocksNasdaqS&P 500

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  According to Research and Markets, the global FinFET technology market was valued at $38.5 billion in 2024 and is projected to reach $97.1 billion by 2030, growing at a compound annual growth rate of 16.7%. Demand for high-performance, energy-efficient chips across consumer electronics, data centers, automotive, AI and IoT is driving growth. The CPU segment is forecast to reach $36.6 billion by 2030, while China is the fastest-growing market, with an 18% CAGR and $20.8 billion by 2030. The report also assesses the impact of tariffs on semiconductor supply chains and profiles companies including TSMC, Samsung, Intel and NVIDIA.

  Yahoo Finance·20/10, 08:35semiconductorsartificial intelligencedata centers
• The sorrow of Europe's “big brother” economy: Bonds keep selling off heavily after a “turbulent weekend”

  French 10-year government bond yields rose 0.14 percentage points to 4.93% after a turbulent weekend, while the spread over German bonds returned to 1.47 percentage points. Nationwide protests over rising living costs and student education conditions turned into widespread rioting and looting; the government said at least 3,000 shops and businesses were looted, and the French retail federation estimated damages could reach “several hundred million euros.” More than 2,500 people are under formal investigation, 67 of them detained, and several cities have imposed curfews. President Macron rejected Interior Minister Laurent Nuñez’s resignation offer, even though Nuñez admitted police were deployed too thinly for protests of over 550,000 people, against an expected 200,000. Opposition politicians and the mayors of Paris and Marseille criticized the government for letting police lose control of the situation.

  CafeF·20/10, 08:31▼ EUR/USD▲ DXY▲ XAU/USDbondsFranceprotests
• President Donald Trump Claims, "We Don't Have Inflation, and Tariffs Don't Cause Inflation," but a New Report Strongly Disagrees

  Although the stock market has posted strong returns under President Trump, the article argues his inflation-driving policies may be the biggest threat to the AI-driven bull market. A New York Federal Reserve report by three economists finds that by February 2026, tariffs had added 2.9 percentage points to goods price inflation, and each percentage point increase in average tariffs lifted consumer prices by about a quarter of a point after one year. Beyond tariffs, the Iran war and the ongoing closure of the Strait of Hormuz have pushed fuel prices sharply higher, with fuel oil up 74.0% and gasoline up 34.2% over the past year, while overall CPI rose 3.7%. The article warns that persistent inflation could prompt the Fed to raise rates more aggressively, slowing AI infrastructure investment and sending stocks lower.

  Yahoo Finance·20/10, 08:26▲ DXY• SPY• XAU/USDinflationtariffsDonald Trump
• Bitcoin ETFs just saw their biggest day in a month thanks entirely to BlackRock

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  CoinDesk·20/10, 08:24▲ BTC/USDTbitcoinETFcapital flows
• A Big4 bank cut deposit rates in the morning, then raised them again in the afternoon

  VietinBank cut its deposit rates for terms of 6 months and longer on the morning of Oct. 20, then restored them to pre-adjustment levels by the afternoon. Its afternoon rate board showed 3.5% per year for 6 to under 12 months, 5.9% for 12 to under 24 months and 6% for 24 months and longer, versus 3%, 5.4% and 5.5% in the morning. Rates for terms under 6 months stayed unchanged, including 2.1% for 1 to under 3 months and 2.4% for 3 to under 6 months. The move came as banks followed the State Bank of Vietnam's guidance to cut deposit rates by at least 0.5 percentage points for terms of 6 months and longer, and Vietcombank and Agribank were among those reducing rates.

  CafeF·20/10, 08:22• BID• CTG• VCBinterest ratesbanksState Bank of Vietnam
• IVV vs. SPY: Which S&P 500 ETF Is the Better Buy for Long-Term Investors?

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  Yahoo Finance·20/10, 08:20ETFS&P 500IVV