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Story summary
- Nvidia CEO Jensen Huang told investors in Berlin the AI stock sell-off will pass.
- He said AI will positively transform every industry and every country.
- The Philadelphia Semiconductor Index fell for an eighth day, its longest streak since 2008, closing 3.83% lower at 11,137.29.
- Nvidia shares dropped on seven of the past eight trading sessions.
- CoreWeave’s five-year credit default swap premium hit an all-time high, implying over 60% default probability.