Nvidia Corp.(NASDAQ:NVDA) shares fell about 14% in the week ended Sept. 6 amid macro concerns. On Friday, portfolio manager and founder of Niles Investment ManagementDan Nilesweighed in on what's in store for the artificial intelligence stalwart as well as the technology sector per se in the near and medium term.

What's Ailing Techs: The weaker sentiment toward technology stocks is due to the fact that it is becoming clearer for investors that companies are spending a ton of money on AI, and even as the spending on AI climbs, revenue forecasts are going down, said Niles...