Stock market bubble around AI. Expert: The crisis at NVIDIA is deflating the balloon

Piotr Bielski, chief economist at Erste Bank, commented on the recent crisis at NVIDIA, stating it deflates inflated tech valuations but does not diminish faith in AI technology. Jensen Huang's resignation amid scandals has led to significant losses for NVIDIA, yet Bielski believes investor confidence in AI remains strong. He noted that the current turmoil may actually prevent a larger market correction by addressing overvaluation concerns.