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Even Nvidia CEO Jensen Huang couldn't save the tech and artificial intelligence trade this week.

The chip giant's talismanic leader trumpeted "off the charts" chip sales and dismissed talk of an " AI bubble ," and for a while, the tide lifted all boats.

"There's been a lot of talk about an AI bubble," Huang said during an earnings call this week. "From our vantage point, we see something very different."

The buzz from the blowout report quickly reversed, sending the AI winners deeply into the red — and few beneficiaries were left unscathed.

Every member of the Magnificent 7, except for Alphabet , was tracking for a losing week, with Nvidia, Amazon and Microsoft

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