News Summary

• The scene at the AI party right now is a confusing one.
• While the industry's loudest cheerleaders are insisting that the night is still young, some of the more influential partygoers are heading for the exits or have already left.Take Nvidia (NVDA), which operates as a financial and cultural symbol of AI exuberance, but also, more concretely, as a linchpin for the AI transition and the tech industry at large.Shares of the chipmaker are up nearly 40% for the year, but the recent wave of AI jitters has dragged the stock down by double digits from the highs of October.