Nvidia, Wall Street and ai
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Wall Street just wrapped up one of its bumpiest weeks in months, and not even a blockbuster earnings report from Nvidia Corp.
Nvidia reported quarterly results that handily topped Wall Street expectations, sending the stock sharply higher in after-hours trading.
The losses spread to Asia, where Japan’s Nikkei 225 index fell 1.8 per cent and South Korea’s Kospi slid 3.4 per cent on Friday morning. Hong Kong’s Hang Seng benchmark was down 1.8 per cent, and mainland China’s CSI 300 declined 1.4 per cent.
Wall Street experienced a wild rollercoaster ride on Thursday, opening sharply higher on another set of strong results from artificial intelligence giant Nvidia, only to end deep in the red as investors reassessed that optimism and mixed signals from the first U.
What Happened in Markets Today Nvidia's revenue surged 62% year over year to $57 billion in its fiscal third quarter, with earnings jumping 60% to $1.30 a share. Both were ahead of Wall Street’s expectations,