NVIDIA CEO Jensen Huang speaks during the Live Keynote Pregame during the Nvidia GTC (GPU Technology Conference) successful Washington, DC, connected Oct. 28, 2025.
Jim Watson | AFP | Getty Images
The euphoria astir artificial quality is colliding with the limits of reality, and cracks are emerging.
Last night, tech giants similar AMD smashed expectations connected AI spot demand, and Palantir reported different 4th of beardown growth. Yet the Nasdaq fell, revealing Wall Street's playlist is stuck connected 1 track: AI mania.
Palantir — the poster kid of that obsession — plunged astir 8% contempt its blowout quarter, portion Oracle dropped astir 4%. Even AI darlings Nvidia and Amazon pulled back.
The message? It's AI oregon thing — and that passageway imaginativeness is flashing informing signs.
What you request to cognize today
SoftBank marketplace headdress drops by astir $32 billion. Shares plunged much than 14% Wednesday amid a broader driblet successful Asian AI-linked companies arsenic investors turned wary of stretched valuations successful the market's astir crowded trade.
PE manufacture consolidation. "How is it that determination are much backstage equity funds successful North America than determination are McDonald's franchises," said KKR & Co's co-CEO Joe Bae connected Tuesday. PE managers are bracing for a question of consolidation arsenic investors request higher returns and stronger governance. For reference, determination are astir 14,000 McDonald's successful the U.S. and 19,000 backstage equity funds.
Democrats expanse U.S. elections. Democrats made a cleanable expanse in the 3 biggest contested elections successful the U.S. connected Tuesday night, including successful New Jersey and Virginia. In New York, self-described antiauthoritarian socialist Zohran Mamdani bushed retired opponents Andrew Cuomo and Republican nominee Curtis Sliwa.
Asian markets tank. Japan's Nikkei 225 dipped beneath the 50,000 people connected Wednesday amid a wider decline successful Asia markets arsenic investors fled AI-related stocks. South Korea's Kospi besides saw losses of arsenic overmuch arsenic 6.16%, with spot heavyweights Samsung Electronics and SK Hynix posting losses.
[PRO] Stocks successful correction? CEO of Ritholtz Wealth Management Josh Brown said Tuesday the stock marketplace is going done a correction, adjacent if the indexes person yet to bespeak it.
And finally...
The Nvidia logo is displayed connected a gathering astatine Nvidia office connected August 27, 2025 successful Santa Clara, California. Chip shaper Nvidia volition study second-quarter net contiguous aft the closing bell.
Justin Sullivan | Getty Images News | Getty Images
Nvidia deepens India footprint with $2 cardinal heavy tech confederation to mentor AI startups
Nvidia volition assistance bid and mentor emerging heavy tech startups successful India arsenic a founding subordinate of a $2 cardinal concern alliance, deepening its beingness successful the world's third-largest startup ecosystem.
The U.S. chipmaker has joined the India Deep Tech Alliance (IDTA) — a radical of backstage equity and task superior investors pledging $2 cardinal for heavy tech investments — arsenic a founding member.
Deep tech startups are an umbrella word for emerging companies successful semiconductors, space, AI, biotech, robotics, and energy.
— Priyanka Salve
English (US) ·