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Nvidia’s quarterly forecast failed to impress investors, sparking a tumble for tech stocks.
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Nvidia’s quarterly forecast failed to impress investors on Wednesday, sparking a tumble for tech stocks. The AI chip champion predicted sales and margins broadly in line with Wall Street estimates - disappointing those who had hoped for something more dramatic. Its shares fell 6% in U.S. after-hours trade as a result, with other chip stocks also taking a hit. AMD dropped nearly 4%, while Thursday morning saw South Korea’s SK Hynix down almost 6%.
But Wedbush Securities Managing Director Dan Ives says the selloff for Nvidia will be short-lived. Watch here for more details -
#nvidia #business
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But Wedbush Securities Managing Director Dan Ives says the selloff for Nvidia will be short-lived. Watch here for more details -
#nvidia #business
Moneycontrol is India's leading financial and business portal with in-depth market coverage, analysis, expert opinions, and a gamut of financial tools.
Follow us: