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A month ago, Nvidia was the company that could do no wrong. The high-flying chipmaker led by a superstar CEO had shrugged off a summer of AI bubble fears and seen its share price hit another record high.
Nvidia had cemented its place as the big tech winner for investors around the world, who loved its ability to profit from the AI spending boom – even if they worried its hyper-scaler customers might be splurging too much cash.
But this week an astonishing $500billion has been wiped off Nvidia’s value after it emerged co-founder and boss Jensen Huang had an affair with an alleged Chinese spy and potentially some other risky liaisons.
Nvidia shares are now down around a third on their level in early October.
But why should you care about the soap opera going on at a giant US company? On this week’s podcast Georgie Frost and Simon Lambert discuss why Nvidia matters for our pensions and investments here in Britain.
They look at whether this could be the event that pops the AI bubble, how investors can protect themselves, and whether they can profit – either by buying the dip or heading elsewhere.
Also on this week’s show, most people think they could retire with a £100,000 pot and the state pension – but what would that get you now and in the future?
Is Fred Harrison, the man who predicted the last two housing market slumps, about to be proved right again.
And finally, as the temperature plummets, how much would different ways to stay warm cost you – ranging from switching the heating on to filling a hot water bottle.
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