Jensen Huang is the CEO of Nvidia ( NVDA 3.70%), a company whose chips power the vast majority of artificial intelligence (AI) systems. At a technology conference last year, Huang made a bold declaration: "The next wave of AI is here. Robotics, powered by physical AI, will revolutionize industries."

The Nvidia selloff comes despite an overwhelmingly positive reaction from Wall Street analysts on the the speech largely focused on Nvidia’s efforts in robotics,

Chip stocks surged in intraday trading Monday after Taiwan's Foxconn posted record fourth-quarter revenue, driven by the boom in artificial intelligence (AI) demand.

Chip stocks including Nvidia, Micron, and ASML surged on Monday after Foxconn reported record fourth quarter revenue, pointing to strong AI demand.

Stocks popped to start the first full week of 2025, as investors eyed technology innovations and a report circulated that the incoming presidential administration might scale back tariff plans. The broad S&P 500 index rose 1.