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- 21 days ago
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Asian semiconductor stocks experienced significant declines following Nvidia's disappointing earnings outlook, which raised concerns about the profitability of the AI trade. Nvidia's shares fell up to 8.5%, triggering losses across its suppliers, including SK Hynix, Samsung, and Taiwan's TSMC. Investor sentiment was further dampened as the Bloomberg Asia Pacific Semiconductors Index slid by 1.6%. The broader technology sector also faced pressure, with analysts noting that Nvidia's performance has become a key indicator for market health. Amidst this, expectations surrounding Nvidia's earnings report have heightened, with many viewing it as crucial for the AI-driven market rally. Overall, the mixed performance in global markets reflects investor caution ahead of Nvidia's results, anticipated to impact stock valuations significantly.
- Total News Sources
- 1
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- 0
- Unrated
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- Last Updated
- 21 days ago
- Bias Distribution
- 100% Left
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