Nvidia and the XYZ AIpocalypse

This belongs in the Oxford Dictionary next to the word 'ironic.'

View or listen in browser March 3, 2026 Nvidia and the XYZ AIpocalypse Dear Subscriber, By Gavin Magor Last year, Nvidia (NVDA) CEO Jensen Huang quashed the momentum of quantum computing stocks with just one sentence. He said quantum was indeed coming … in about 15 years. Last week, it was his own company’s stock that got rocked. Despite deliveringthe kind of earnings results that other companies dream about … NVDA saw its worst daily loss since last April’s “Liberation Day.”  Source: Barrons.   According to Barrons, Thursday’s 5.5% “price decline also saw $259 billion wiped from Nvidia’s market capitalization, the 7th largest one-day market cap loss for any U.S. company.” Shares dropped even more Friday. Why the slide? The story belongs in the Oxford Dictionary next to the word “ironic.” Citrini Research published an “AIpocalyptic” report that predicts a “2028 Global Intelligence Crisis” that’s caused by AI. The dystopian idea of AI as “a feedback loop with no brakes” halted NVDA’s celebration …  Source: The Guardian.   James van Geelen, the founder of the short-side research firm, said the trading action surprised even him. Irony aside, NVDA likely fell post-earnings on profit-taking. But while Huang’s firm is practically printing money thanks to AI … It’s a different story for those who are buying its AI chips.   Jack Dorsey’s payments company Block (XYZ), née Square, uses Nvidia’s ultra-high-tech Blackwell chips. Yet XYZ is down 2% over the past year.  Meanwhile, the S&P 500 gained some 17% during that time. XYZ would likely be down bigger without Friday’s 20% premarket pop.  That pop came after Dorsey announced plans to slash his workforce in half thanks to AI. Source: San Francisco Standard.   Friday was no doubt a blockbuster trading day for Block. That’s the truly ironic part of this story. Citrini’s idea of an “AIpocalypse” — one that leads to sweeping job losses and a collapsed economy — is what caused NVDA and other AI-adjacent stocks to slide last week. Yet, XYZ surged on that very news! Meanwhile, for perspective … Nvidia fell despite knocking off investors’ socks with year-over-year 73% revenue growth in Q4 and the potential for 70% growth this year. If that was enough to make you want to shield your eyes from the markets for a few moments, join the club. Whilst I love a good Weiss “Buy”-rated stock more than just about anything … I also enjoy investing in companies that aren’t subject to Wall Street’s whims or whatever’s going on in Washington. That’s why I plan to tune in to Chris Graebe’s Private Deal Briefing TODAY at 2 p.m. Eastern.  Chris is getting ready to reveal a stunning technological breakthrough … One set to unlock a new source of gold, silver, copper, rare earths and dozens of other critical minerals … valued at over $60 billion per year. And the only way to learn about it is to click this link here. If you’ve got some time to spare today, I suggest that’s where you spend it. That’s because, as a Weiss Member, you can claim an early stake … before any initial public offering (IPO). Don’t let this be a missed opportunity you regret later. Click this link to reserve your free ticket to attend. Cheers, Gavin Follow us:   11780 US Highway 1, Palm Beach Gardens, FL 33408-3080, USA Would you like to edit your e-mail notification preferences or unsubscribe from our mailing list? Copyright © 2026 Weiss Ratings. All rights reserved.