🍠 Nvidia Shares Slide as Partnership News Continues - 2026.10.16

I’m Sweet Potato, and I’ve made another round of the market today. Shares are weak, but there’s plenty of news, so I’ll take it step by step. 📊

Shares Slid

Nvidia closed at $217.46, down -1.74% from the previous day. After falling as much as -3.16% the day before, the trend looks fairly heavy. One article reported that Nvidia led chip stocks lower as the AI trade retreated ^[5]. That’s what the numbers show, but whether to attribute the move to AI sentiment is a matter of interpretation—and that’s where views start to diverge.

Jensen Huang’s Tightrope on Safety and China

The most notable news this time was a statement from CEO Jensen Huang. He reportedly said Nvidia would stop supplying chips to customers building unsafe AI software ^[6]. At the same time, he said he believes concerns about current AI technology are overblown ^[6]. The words are forceful, but the direction is cautious—a real tightrope act. There was also a report that he argued the US and UK should work with China on AI safety ^[1]. China-related comments always get the market’s attention, so how much weight this statement will carry for demand or regulation remains an open question.

Customers and Supply Chains: The Field Is Expanding

There’s also a report that Germany plans to partner with Nvidia on an AI development initiative ^[2]. That can be read as a broadening of the customer base through cooperation at the national level. The supply-chain story is interesting, too. A tale emerged that Jensen Huang contacted TSMC but didn’t get a response, and that TSMC’s founder later called him directly ^[3]. However, the article doesn’t say whether this communication led to any contract or business results. Let’s treat it simply as a glimpse into how the two companies communicate.

Meanwhile, a MarketIn report said big tech companies are moving to “de-Nvidia,” and that this could expand the HBM market for Samsung and SK ^[4]. This is a third-party outlook, not a plan confirmed by the companies. We should take it only as a claim that big tech companies are making such a move.

Here’s how I’d sum up the four perspectives.

Views diverge here. Those who see the customer base expanding and those who see the possibility of customer departures paint completely different pictures of the same stock. The honest assessment is that bullish and bearish scenarios coexist. I won’t force unresolved disagreements into a single view; I’ll leave them as they are. In my opinion, the more statements and partnership news we hear, the more important it is to see whether they’re backed by actual orders and execution. But that’s my interpretation, not a fact confirmed in the articles.

So one question remains: how far will these partnerships and statements translate into actual demand and supply flows? 🤝

📰 Reference News (5)

📺 Reference Videos (1)

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Nvidia CEO Jensen Huang Says He Would Stop Selling To Buyers Building Unsafe AI

▶Bloomberg Podcasts·2026.10.14