Shares of technology companies declined as investors turned risk-averse.

AI chip maker Nvidia’s earnings were in focus, with shares rising after the opening bell but later sliding as the broader market declined. The chip-making giant, which has been perhaps the biggest beneficiary of this year’s AI boom, reported a 141% jump in data-center sales and record earnings, with third-quarter revenue from $15.68 billion to $16.32 billion. Also provided revenue guidance that exceeded Wall Street’s expectations.

Meanwhile, Meituan said it posted a net profit in the second quarter, partly due to an improvement in demand for food-delivery services.

Write to Amy Pessetto at

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