WS #16369
Nvidia is facing renewed pressure as Jensen Huang critiques Germany's slow adoption of AI infrastructure, reflecting broader doubts about the pace of global AI capex. OpenAI has fired three employees over suspected internal leaks, adding governance friction to the sector. Concurrently, Autoliv missed earnings, and Kering's Gucci brand is struggling in key Asian markets, indicating that tech and luxury consumption are both facing headwinds.
Tech Selloff and AI Capex Doubts
Nvidia is facing renewed pressure as Jensen Huang critiques Germany's slow adoption of AI infrastructure, reflecting broader doubts about the pace of global AI capex. OpenAI has fired three employees over suspected internal leaks, adding governance friction to the sector. Concurrently, Autoliv missed earnings, and Kering's Gucci brand is struggling in key Asian markets, indicating that tech and luxury consumption are both facing headwinds.