Despite surpassing Wall Street forecasts, shares drop nearly 4% in first test of investor appetite since big AI-stock selloff
Chipmaker Nvidia set a fresh sales record in the second quarter, surpassing Wall Street expectations for its artificial intelligence chips. But shares of the chip giant still dropped 2.3% in after hours trading, in a sign that investors’ worries of an AI bubble and the repercussions of Donald Trump’s trade wars are not quelled.
Nvidia’s financial report was the first test of investor appetite since last week’s mass AI-stock selloff.
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