Nvidia's Earnings Drag Market, AI Hype Meets Reality
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
U.S. stocks wavered on Thursday, with the Dow barely budging and the Nasdaq plummeting, as Nvidias earnings report disappointed investors despite beating expectations. The tech sectors recent rally slowed due to revenue growth deceleration and AI-related uncertainties. Traders frustration over rising costs and AI disruption fears led to a Nvidia hangover effect, impacting the broader market. Software and services stocks partially rebounded, while Trade Desk, C three dot ai, and others faltered on weak forecasts. Major indexes are poised for modest weekly losses, with the S&P five hundred and Nasdaq set to end February lower, as investors brace for AI hype meeting reality in the coming weeks.
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