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Wall Street ended lower as Fed concerns on inflation pressure markets, while Nvidia shares rose in extended trading after surpassing revenue estimates. Mixed retail results and economic data further fueled investor jitters. Global markets showed mixed results, with European shares retreating and Asian-Pacific stocks edging higher.
Nvidia on Wednesday overshot Wall Street estimates as its profit skyrocketed, bolstered by the chip-making dominance that has made the company an icon of the artificial intelligence...
(Bloomberg) -- Asian shares took a breather on Tuesday after seven days of gains, and a gauge of commodities reached a 15-month high. Traders’ focus turns to earnings from chipmaker Nvidia Corp. later in the week.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’Speedier Wall Street Trades Are Putting Global Finance On EdgeOne of the Last Big
The tech-heavy Nasdaq led the three major U.S. stock indexes with a boost from chips, as Nvidia Corp advanced ahead of its closely watched earnings report, expected on Wednesday.
So-called AI PCs contain neural processing units, a kind of chip that is meant to speed up artificial intelligence work like running a chatbot.