Asian chip stocks slump as Nvidia's slowing revenue growth worries investors

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 73 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 51%

News Nachrichten

Asian chip stocks slump as Nvidia's slowing revenue growth worries investors
Österreich Neuesten Nachrichten,Österreich Schlagzeilen

While Nvidia’s third-quarter results exceeded analysts’ expectations and delivered a strong forecast for the current quarter, its shares still shed…

Asian semiconductor-related stocks mostly slumped on Thursday after Nvidia reported an earnings forecast that failed to meet the lofty expectations of some investors.

While Nvidia's third-quarter results exceeded analysts' expectations and delivered a strong forecast for the current quarter, its shares still shed 2.5% in extended trading to roughly $142.20 apiece. "No matter how good the company does ... if the guide is anything less than the high end of the whisper, you will probably see some selling pressure," Daniel Newman, CEO at the Futurum Group, told CNBC's"Squawk Box Asia."exceeded analysts' expectations and delivered a strong forecast for the current quarter, its shares still shed 2.5% in extended trading to roughly

"No matter how good the company does ... if the guide is anything less than the high end of the whisper, you will probably see some selling pressure," Daniel Newman, CEO at the Futurum Group, told CNBC's"Squawk Box Asia" following the report.The sentiment has spilled over to Asia, with stocks tied to Nvidia suppliers as well as other chip companies mostly falling., which counts Nvidia among its clients, dropped as much as 5.

As the primary beneficiary of the ongoing AI boom, Nvidia has dazzled Wall Street. Many of its biggest customers, such as Microsoft, Alphabet, Amazon and Meta Platforms, have pledged, in their respective earnings reports, to"None of these companies going to fall behind in terms of the AI technology and that puts Nvidia in a really good position," Newman added.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

NBCPhiladelphia /  🏆 569. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock futures open little changed as traders await Nvidia earnings: Live updatesSunday’s move follows a tough week for the three major benchmarks, which are now off their highs that were seen in the aftermath of Trump’s victory.
Herkunft: nbcchicago - 🏆 545. / 51 Weiterlesen »