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 email@example.com