Asian Chip Stocks Decline as Nvidia’s Outlook Damps AI Frenzy

-- Asian semiconductor stocks slipped as a less-than-outstanding outlook from key chipmaker Nvidia Corp. chilled investor sentiment on the artificial intelligence trade.Among Nvidia suppliers, shares of Korean memory maker SK Hynix Inc. dropped as much as 6.8% while those of Japanese tester maker Advantest Corp. fell 3.6%. The Bloomberg Asia Pacific Semiconductors Index slid 1.6%. American depository receipts of leading foundry Taiwan Semiconductor Manufacturing Co.

Nvidia’s shares fell more than 8% in late US trading after giving a revenue forecast that missed the highest analyst estimates and flagging production snags with its new Blackwell chips. The announcements may deepen concerns of overheating of the AI rally that sparked a recent selloff and rotation into less-loved areas of the equity market.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian Stocks to Echo US Decline as Bonds Rally: Markets Wrap(Bloomberg) -- Asian equities were primed for selling Friday following declines on Wall Street that reflected unease on the health of the US economy and sent...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian shares slip after decline on Wall Street led by falling tech stocksTOKYO (AP) — Asian shares dropped early Thursday morning trading after declines on Wall Street, as the gyrations that recently slammed global markets haunted...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock falls more than 6%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock falls more than 5%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock surges as chip stocks lead market reboundNvidia shares rallied Thursday with the broader markets after an attempted rebound
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian benchmarks mostly decline as markets await Nvidia earningsTOKYO (AP) — Asian shares were mostly lower Wednesday, despite a record high on Wall Street, as investors awaited a closely watched earnings report from...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »