Nvidia’s forecast dampens AI enthusiasm in other tech stocks

Nvidia dropped 6% and lost over $180 billion in stock market value following its earnings report, this week’s centerpiece event on Wall Street, while a handful of other AI-related companies shed around $100 billion in combined value. It forecast third-quarter gross margins that could miss market estimates and revenue that was largely in line. Shares of Broadcom and Advanced Micro Devices were each down about 2%.Read More