Why the biggest risk for investors in 2027 isn't Nvidia — it's inflation

Nvidia (NVDA) not being led by its leather-jacket-wearing founder Jensen Huang isn't going to plunge the US economy into turmoil in 2027. While Huang has been an important force in America's AI boom, the company he built will continue to lead the AI infrastructure build-out. If you are looking for an economic shock factor next year, it's inflation that won't die and a Federal Reserve subsequently forced to pull out a series of interest rate hikes. "If you break out the categories of where the inflation is, it's kind of in the wrong, more disturbingly persistent categories like services, healthcare, a series of things that really can't be coming from tariffs or oil prices," Chicago Federal Reserve president Austan Goolsbee said at Invest this week.