Jensen Huang Just Answered the Only Question the Market Actually Has.
For weeks the market climbed while one doubt sat underneath every record: is this an AI bubble? On Wednesday it stumbled, NASDAQ falling faster than the Dow, and the doubt got louder. Then from a stage in Taipei, the man running the largest company in the world gave his answer.
At COMPUTEX, Nvidia CEO Jensen Huang declared the era of Agentic AI has already arrived and made one point above all others: AI is not a bubble, and it is not destroying jobs. It is creating them. That sounds like a salesman talking his own book. The market did not have to take his word for it, because the data landed the same morning. ADP job creation rose from 105K to 122K, and unemployment held steady at 4.3 percent. The bubble argument needs mass layoffs to be true. The numbers are pointing the other way.
The second layer is what is queued behind this. Tonight brings the big Nonfarm payrolls report, the real test of the labor picture ADP just previewed. Next week SpaceX goes public, the $1.77 trillion IPO at $135 a share that has been the most anticipated listing on the calendar. Huang’s frame, that any correction is a chance to buy in, is the lens this edition wants investors holding into both events.
The warning is in the divergence. Fear and Greed slipped to 54, fully Neutral now, down from 66 a month ago. On Thursday the Dow rebounded 1.68 percent while NASDAQ managed only a fraction of that. When the safe-haven Dow leads the bounce and tech lags, money is getting cautious even as it stays invested. The rule still holds: too risky to chase high, buy only what sits under its 250-day line or refills a gap. Chase the rocket stocks and the gain may not cover the heart medication.
The focus today: the bubble question got a data answer, and tonight’s Nonfarm decides whether the answer holds.
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About the Author
Daniel Yue has been an active investor since 1980, with experience spanning stocks, currencies, futures, metals, and bonds. A scholar of the Chicago School of Economics, he holds a Certificate with Distinction from Cambridge University and a degree in International Trading from National Taiwan University. He served as Chief Analyst for over 30 years and Chief Mentor at Sincere Finance. In 2017, he received an award from the University of Arizona for financial internship leadership.
The analysis and opinions expressed in this article are for educational purposes only and do not constitute financial advice. Investing involves risk. Please consult a qualified financial advisor before making investment decisions.
About the Author
Daniel Yue has been an active investor since 1980, with experience spanning stocks, currencies, futures, metals, and bonds. A scholar of the Chicago School of Economics, he holds a Certificate with Distinction from Cambridge University and a degree in International Trading from National Taiwan University. He served as Chief Analyst for over 30 years and Chief Mentor at Sincere Finance. In 2017, he received an award from the University of Arizona for financial internship leadership.
The analysis and opinions expressed in this article are for educational purposes only and do not constitute financial advice. Investing involves risk. Please consult a qualified financial advisor before making investment decisions.