The selloff in semiconductor stocks showed signs of easing on Friday, October 16, 2026, as Nvidia's CEO addressed concerns about CoreWeave, a cloud computing provider. The remarks came amid broader market volatility in the tech sector, particularly among chipmakers.
During an interview on Bloomberg's The Asia Trade, Nvidia CEO Jensen Huang downplayed worries about CoreWeave's impact on Nvidia's business. His comments helped stabilize investor sentiment, though the broader market remained cautious.
The discussion was part of Bloomberg TV's coverage from Tokyo and Sydney, where analysts and industry leaders provided insights into the latest developments affecting global markets. The segment was hosted by Shery Ahn and Haidi Stroud-Watts.
Investors have been closely watching the semiconductor sector for signs of recovery after recent turbulence. The easing of the selloff suggests that Huang's reassurances may have provided some relief, though the long-term effects remain uncertain.