27.08.202523:59:25UTC+00US Futures Fall as Nvidia Drags

On Thursday, US stock futures experienced a decline following a drop in Nvidia's stock after the release of their latest earnings report. Despite surpassing forecasts for both earnings and revenue in the second quarter, Nvidia's shares fell approximately 3% in after-hours trading. This decline was attributed to data center sales falling short of expectations. Additionally, Nvidia disclosed that it recorded no sales of its H20 chips to China during the quarter and did not factor in any potential future shipments to the region in its guidance. The downturn affected the broader semiconductor industry, with AMD, Broadcom, and TSMC experiencing declines of 1.4%, 1.1%, and 1.6%, respectively. Nonetheless, analysts emphasized that the momentum driven by artificial intelligence remains strong, urging investors to consider the dip as a buying opportunity. During regular trading on Wednesday, major indexes saw gains, with the Dow increasing by 0.32%, the Nasdaq Composite rising by 0.21%, and the S&P 500 climbing by 0.24% to close at a new all-time high.