Nvidia’s Trillion-Dollar Slide Tests the AI Trade

Nvidia and other semiconductor stocks are under pressure as investors question whether the extraordinary profits created by the AI boom can keep growing or whether the chip trade is starting to cool.

Chuck Zodda and Paul Lane break down why Nvidia’s valuation has fallen back toward pre-AI boom levels, why Micron and other memory chip stocks are facing new scrutiny, and how investors are weighing whether today’s AI-driven earnings surge is temporary or permanent. They also discuss renewed tensions between the U.S. and Iran, why China’s oil demand could become a major swing factor for energy prices, what rising crude prices could mean for inflation, and how irrevocable Medicaid trusts can help families protect certain assets while preserving important planning flexibility.