(Bloomberg) -- US stock futures slipped after Nvidia Corp. gave a revenue forecast that fell short of the highest analyst estimates, possibly adding weight...
-- US stock futures slipped after Nvidia Corp . gave a revenue forecast that fell short of the highest analyst estimates, possibly adding weight to concerns over the sustainability of the artificial intelligence boom.Futures on the Nasdaq 100 Index were down 0.6% as of 12:34 p.m. in Hong Kong on Thursday while contracts on the S&P 500 Index fell 0.3%, both paring earlier losses. Semiconductor-related stocks dragged a key Asian equity benchmark lower.
The market may be disappointed that the chipmaker’s results weren’t as stellar as prior reports, but “this seems like just near-term noise” amid continued underlying strength, Adam Crisafulli of Vital Knowledge wrote in a note. Slower growth is “just a function of extremely difficult comparisons, and it’s something the whole world has been aware of.”
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