Nvidia CEO delivers 1-word reality check as software stocks crack

A brutal global sell-off in software is causing headaches the world over. The question is very simple. Is AI about to eat the application layer or turbocharge it? Nvidia’s (NVDA) Jensen Huang came to the rescue, yet again. And the timing could not be better. Friday was yet another reminder for Wall Street that AI is turning into a two-speed market. The Dow closed above 50,000 for the first time. The reason? Investors leaned into one of the clearest "picks-and-shovels" trades, leading to a sharp increas ...