Large technology stocks linked to artificial intelligence could be among the main beneficiaries of Nvidia’s troubles and pressure from a Democratic-controlled Congress on data-center construction. Other players, such as AMD or Alphabet, could capture more chip demand if investors lose confidence in Nvidia, whose founder and chief executive Jensen Huang has resigned. The MAGS and NCLD funds gained less than 1% and more than 1%, respectively, while CoreWeave and Nebius shares delivered mixed results. Yorkville Ives estimates that 10% to 20% of planned data centers may not be built, while maintaining that demand for computing power still substantially exceeds supply.
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