Nvidia stocks slump after CEO resigns — what it means for your savings | Hanomansing Live

So as we were discussing, a lot of Canadians have a stake in this company, may not even realize it, that it may have to do with their pension funds. So let's continue looking at that issue. Amber Canwar joins us now. She's the host of the podcast In the Money with Amber Canwar. What does NVIDIA's CEO's departure mean for the stock market? Well, you know, it highlights the increased concentration that has developed in the United States. NVIDIA is, as we just heard, one of the biggest companies on the planet. But if you take together all of tech, basically half of the U.S. stock market is tech, right? And so you start to see a bit of a domino effect that if NVIDIA is struggling, The whole ecosystem around it could also begin to struggle. And we've actually already seen that, right? NVIDIA's problems didn't really just crop up a week ago. The stock has been kind of weak over the last couple of months as investors kind of grow fatigued with all the spending, companies moving from profitable to losing money. And in some ways, Ian, it's actually benefited Canadian investors because we have relatively... Much less exposure to tech and the Canadian markets have been outperforming in 2026. Oh, that's good news. That's interesting. So to what extent should Canadians be concerned about what's going on right now? comes down to the reminder about diversification. You know, this happened in 2000, when a certain sector becomes so huge and so large, it exposes investor to a risk if there is a misstep. And I mean, no amount of schooling or CFA training or MBA can prepare you for this kind of event, right? It's an exogenous event. And you just have to take it all you can do to prepare really. is diversifying. So I think that this is really just a wake-up call to investors to make sure, well, if I'm buying the U.S. market, am I really buying a diversified group? Or am I really just making a one-way bet on one thing, which is the AI trade? And right now, the answer is yes. Now, if the tech trade pulls back and other things pull forward, then you could be a little bit a little bit more diversified. NVIDIA Has also played a very central role, not just in the AI revolution, but in paying for that AI revolution. NVIDIA backstop some $500 billion worth of AI spending. You know, so it's a big deal, not just that their CEO has left, their founder CEO has left, but. Are they going to have the same license to cut checks, to OpenAI, to Anthropic so that they can fund their own build out? Right. Those are kind of the larger questions beyond the stock market that investors need to think about. Yeah, your explanations are so clear. This is not a program, as you know, that is aimed towards the investment community. We have a more general audience and probably a lot of people like me who rely on others to take care of my RRSPs. And I'm even a further step away from whoever is looking at the pension funds for CBC. Yes. What should we be expecting to see? You know, I think a lot of people... Among the unsophisticated investors like me, we're kind of worried we hear about an AI bubble and then you see problems at NVIDIA and you think, is that the beginning of the bursting of the bubble? What are you going to be looking for over the next few days or weeks? I'll say a couple of things about the word bubble. I think it's really fun to throw around. And when you look at trillions of dollars of spending, it certainly feels bubblicious. Very little of what's going on today resembles what happened during the dot-com bubble. Most of the companies today, the large tech companies today are profitable. They are paying for a lot of the investment with their own cash. Contrast that within 2000, that was not happening. We were seeing companies trade at, you know, huge dollar figures. And they weren't even close to being profitable, right? And it's not really startups leading the revolution. Google isn't a startup anymore. NVIDIA certainly wasn't a startup. Meta is not a startup, right? These are legacy companies that are leading this next wave of growth. And we're just not seeing... Thank catastrophe-like behavior. If I can explain it, it's almost like it's an orderly sell-off, right? A disorderly sell-off is if NVIDIA dropped 20%, 30% today, and the whole market was down. I mean, we just didn't see that. NVIDIA lost its CEO, and in the end, it was just down 4%. you. The S&P was only down a third of a percent. That speaks to a market that is, you know, being a little bit stoic about this, panicking. If we were truly in a bubble, a bubble bursts. And today was not a burst. Did you say bubblicious earlier in your answer? That's a financial term, actually. That is fantastic. Well, you've earned a follow on your podcast. Amber Canwar, the host of the podcast, In the Money with Amber Canwar. Thank you so much. Thanks, Ian.