AI's loudest voices spent the week telling everyone to slow down, and the market took them at their word. AI infrastructure names sold off into a month that traditionally is already unkind to stocks.
Jason Bodner, co-founder of quantitative research firm MoneyFlows, thinks investors are reacting to the wrong headline. The one that matters came out of NVIDIA's (NASDAQ: NVDA) August earnings call, where CEO Jensen Huang guided to roughly 70% revenue growth next fiscal year and then told analysts that demand is running well above that.
