Slowdown in Nvidia's sales growth spooks chip stocks in U.S. and Asia
Publishing timestamp: 2024-08-29 08:34:32
Summary
Global chip stocks fell after Nvidia reported better-than-expected earnings but disappointed traders hoping for higher growth rates. Losses were seen in companies with direct links to Nvidia, while some chipmakers in China and Europe saw gains. Concerns about Nvidia's ability to maintain explosive growth in the current quarter led to a decline in shares, despite beating revenue and earnings estimates.
Sentiment: MIXED
Tickers: .FKRX300, 2317-TW, SSNHZ, .KS11, 6723.T-JP, 6857.T-JP, 2760.T-JP, 981-HK, 9984.T-JP, NVDA, 2330-TW, ARM,
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