Wall Street: Huang resignation no shock | Wall Street reaction

AI stocks are trying to stabilize and even today's resignation of Jensen Huang as Nvidia CEO is no longer a big shock. The personnel issue has been increasingly priced in in recent days, while the fundamental AI story remains intact.

Demand for computing power remains strong, and Nvidia expects a jump in sales of over 90 percent for the current quarter. Anthropic could raise more than $100 billion in its IPO and be valued at over $1.5 trillion. A strong signal that investors are still willing to invest enormous sums in AI.

However, monetary policy remains a burden: After the high consumer prices, the Fed is likely to raise interest rates again in December, while further hawkish statements from central bankers are expected.