AI hardware stocks fell after NVIDIA, as NVIDIA's outlook did not meet the market's high expectations

Zhitong
2024.08.28 21:37

Stocks of chip and hardware manufacturers used in artificial intelligence computing fell in after-hours trading in the United States following NVIDIA's decline, as the revenue outlook for the chip manufacturer is not optimistic. Arm Holdings, AMD, Broadcom, Dell, and Super Micro Computer all fell by more than 2%. NVIDIA's revenue outlook for the third quarter was lower than some of the most optimistic analyst expectations, leading to a temporary 8.4% decline in its stock price. NVIDIA's revenue outlook fell short of the most optimistic expectations, with production of the new Blackwell chip facing obstacles

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