'Didn't Take Much For Nvidia To Get People Excited About AI,' Says Strategist, After Jensen Huang Talks Up AI's Potential Beyond Data Centers

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'Didn't Take Much For Nvidia To Get People Excited About AI,' Says Strategist, After Jensen Huang Talks Up AI's Potential Beyond Data Centers - Benzinga

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Nvidia – AI Trades’ Lifeline: After a strong move to the downside in initial reaction to the August consumer price inflation numbers, stocks came back up strong and it didn’t take much for Nvidia to get people excited about artificial intelligence, said B Riley Wealth Chief Market Strategist Art Hogan in an interview with Yahoo Finance.

Delving into the comments from Nvidia CEO Jensen Huang that triggered the rally, Hogan noted that the semiconductor space was down about 23% following the sell-off seen in August and the September to-date period.“So, ...

Hogan also dismissed the market decline in the morning as an overreaction, as he said coming into the CPI print, the consensus expectation was for a 25-basis-point cut at the September Federal Reserve rate-setting meeting.