Nvidia disappoints investors with forecasts, causing chip stocks to decline. Nvidia's premarket trading dropped 4. 5%, potentially resulting in a $150 billion loss in stock market value. Other chip firms like Broadcom, Advanced Micro Devices, Arm, and Micron also saw a decrease of 1. 6% to 2% in their shares. TSMC, Nvidia's chip manufacturing partner, experienced a 2% decrease in U. S. -listed shares. The decline in Nvidia fell short of the 11% price swing that options market data had anticipated. Despite previously exceeding consensus analyst estimates, Nvidia's soft forecasts overshadowed a beat on second-quarter revenue and adjusted earnings, as well as a $50 billion share buyback.
As a result, market sentiment may be impacted, especially during September, a historically volatile period. Investors are also monitoring the upcoming U. S. employment report and expressing concerns about the increases in spending by major players like Microsoft and Alphabet in the race to dominate AI technology. Nvidia forecasts third-quarter revenue of $32. 5 billion, with estimated growth of 80% from the previous year. The company also expects an adjusted gross margin of 75%. Nvidia's stock, which has had significant growth this year, was valued at a lower price-to-earnings ratio compared to previous years.
Nvidia's Forecasts Disappoint, Leading to Decline in Chip Stocks
Predis.ai, an advanced AI-driven platform specializing in ad creative and social media content generation, has announced a strategic partnership with Semrush, a leading SaaS platform for online visibility management and content marketing.
Amazon AWS Funds Development of Gaxos AI Sales Platform 02/03/2026 - 08:12 AM Roseland, NJ, Feb
Google published a research paper on developing a challenging dataset to train AI agents for deep research tasks, providing insights into how agentic AI deep research operates and implications for content optimization.
Deepfake technology has seen significant advancements in recent years, revolutionizing the creation and perception of synthetic media.
Z.ai, a trailblazer in artificial intelligence formerly known as Zhipu AI, has recently undergone a major rebranding.
Amazon has recently launched a major update to its Alexa smart home assistant, introducing new AI-driven features aimed at improving home automation and providing users with a more personalized experience.
Caylent Appointed Development Partner to Lead AWS-Native Build for Gaxos Labs Roseland, NJ, Feb
Launch your AI-powered team to automate Marketing, Sales & Growth
and get clients on autopilot — from social media and search engines. No ads needed
Begin getting your first leads today