Financial adviser on what Nvidia shake-up means for the market

Welcome back. We are keeping a close eye on the market this morning, especially NVIDIA and the rest of the AI economy now that CEO Jensen Wang has been forced to officially resign. He led the $4 trillion company since its founding more than 30 years ago. Let's bring in financial advisor Chris Markowski to discuss all this and the effect it could have on the market. Good morning, Chris. Thanks for being here. Good morning. It was $4 trillion. I'm not even sure where it is right now. I turned my head. It's moving around so quickly. Right. There's going to be a lot of movement there. Earlier this week on your podcast, you recommended to NVIDIA investors that they play the long game no matter who's leading the company. Does that advice change now that Jensen Huang is officially out? No, I don't think so. I mean, you take a look at the order book moving forward. I think it looks absolutely fantastic. They've got earnings coming out next Tuesday. It's going to be volatile for a period of time. But as far as the company is concerned, I what you tend to get. When these things happen is you're going to get a pile on from a lot of analysts. And now in today's day and age as well, we have a lot of leverage funds that are out there that have to, by design, they're going to have to sell. And you're going to get an overreaction to these things. But as far as the order book is concerned, moving forward, it's very strong. Well, that was my next question. It's been a major player in the AI economy. Its stock down more than 12 percent in pre-market trading. How concerned are you about this company possibly bringing down other companies tied to it? There's going to be some follow through, but there's going to also be some people speculating, saying, hey, what company can benefit from this because their stock is down? What's going to happen next? These are one of these situations I like to talk about with markets, especially nowadays. It's like a riptide type of effect. It just flows very quickly in one direction as far as momentum is concerned. We also see this with the entire market as a whole with the amount of leverage that is priced in in today's day and age. You want to kind of avoid the riptide. I don't know where the stock is going to settle at the end of the day. Could be lower, could be higher. Your concern should be, where is it going to be 5, 10, 15 years down the road? And the prospects of the company look great. Do you worry about that riptide that you mentioned becoming kind of the needle that pops the AI bubble? Well, the only thing that can pop the AI bubble is if people stop using it and stop investing in it and they stop using it. What popped the dot-com bubble was the fact that there was no earnings. There were no numbers there. You had all of these companies out there that had a logo and a dot-com attached to it. There was just nothing there. There was no earnings. That's not a bubble. Bubbles, bubbles occur when, again, the underlying fundamentals aren't there. And as far as these companies are concerned, if you take a look at the numbers, the numbers are there. Well, what do you be watching for today? Today, I'm just going to kind of watch the drama that surrounds it. You're going to have a lot of talking heads and a lot of opinions pretending to tell you that they know what's going to happen next. Don't bear them any mind because they don't. That's a guessing game. That's trying to guess whether it's heads, you know, or tails on a coin flip. Again, focus on the long term. It's one of the things that we try to get across to people. Don't worry about where it's going to be next week, next month. Worry about your portfolio and where it's going to be. Over an extended period of time. All right. Stay cool. Stay calm. Good advice there. Chris Markowski, financial advisor and host of The Watchdog on Wall Street Podcast. Always appreciate your time and insight. You got it.