Siebert's CIO: Buy Micron Now, but Don't Hold It Forever
Siebert CIO Mark Malek calls Micron a buy for now, not a forever hold, as shares rose 4.06%; the chart setup targets $1,500.
Jensen Huang told CBS News there is a 0% chance AI will end the world by 2030, pushing back against doomsday fears.
For markets, these comments count as sentiment rather than hard data. Nvidia sits at the core of the AI trade, and regulation is the most likely channel for safety worries to reach earnings and valuations. As the leader of the biggest supplier of AI processors, Huang has a clear commercial interest in his position, which investors will take into account. Unease from within the industry is more likely to affect sentiment than near-term chip demand, so the AI trade probably responds more to spending, earnings and policy news than to the safety debate itself.
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Huang has placed a definitive 0% chance on AI destroying the world by 2030, arguing the industry should keep moving quickly and only ship safe products, even as an Anthropic resignation fuels fresh concern.
Key points:
Nvidia Corp. CEO Jensen Huang has renewed his pushback against AI doomsday scenarios, telling CBS News there is a 0% chance that artificial intelligence ends the world by 2030. He said the technology does not pose an extinction risk to humanity, and told CBS News' Jo Ling Kent that he completely disagrees with the idea that AI will destroy the world by the end of the decade. The full interview was scheduled to air on CBS Sunday Morning on September 20, and CBS's headline said Huang agrees with President Donald Trump on AI.
Huang has made similar arguments at multiple events in recent days, insisting that AI can be safely managed. He has also argued that new regulations are not needed. His company is the leading provider of AI processors, which makes his views on the technology's risks and how it should be regulated commercially relevant as well as personal.
The comments come after a wave of unease set off earlier this month by the resignation of Anthropic employee Jacob Coxon. Coxon warned that the researchers building AI earnestly believe it could kill everyone by the end of the decade. The two positions are stated views rather than measurable forecasts, and neither can be tested against current data.
On the industry's pace, Huang said in the CBS interview that it should not slow down and should move as fast as possible, regardless of what others do. He drew a line at safety, saying companies should never ship products before they are ready and should never deliver products that are unsafe.
For investors, the debate matters mainly through regulation. The argument that AI can be managed without new rules is one side of a policy discussion that could affect how quickly companies can build and sell AI systems, and public concern of the kind raised by Coxon's warning tends to add to political pressure.
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Siebert CIO Mark Malek calls Micron a buy for now, not a forever hold, as shares rose 4.06%; the chart setup targets $1,500.
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