Dhaka, Nov. 12 -- The International Monetary Fund is closely monitoring volatility in AI equity valuations and the US political shift that could slow data centre development, but says it is too early to tell whether investors are souring on the sector for the long term.

IMF spokesperson Julie Kozack told a regular press briefing that AI equity valuations remain exposed to a reassessment of the technology's longer-term profitability.

"That overall view that we have taken still remains the case," she said.

The resignation of Nvidia CEO Jensen Huang sent the company's shares sharply lower on Thursday, dragging down the S&P 500 and Nasdaq indexes. Some major technology stocks rose, however, including Nvidia rival Advanced Micro Devices, Al...