NVIDIA falls as AI chip sell-off deepens despite TSMC record profit and robust demand.
Context
What happened: Nvidia shares fell for a second straight day as a global sell-off in AI and semiconductor stocks deepened, overshadowing record results from TSMC, which makes Nvidia's chips.
Key numbers: Nvidia fell $5.15, or 2.3%, to $216.16, after a 3.16% drop Wednesday.
Why it matters: The decline came despite TSMC's sixth straight record quarter and a robust demand outlook, showing results did little to lift sentiment. Analysts attributed the drop to broad sector selling, rate expectations, AI financing concerns and memory competition.
Coverage: 10 outlets in 24h