Nvidia reported Q2 earnings that largely beat analysts' estimates, but the stock slid after forecasted revenue failed to top the high end of expectations.
Shares Dropped Nearly 7% in Extended Trading on Wednesday
(Bloomberg) -- Asian semiconductor stocks slipped as a less-than-outstanding outlook from key chipmaker Nvidia Corp. cooled investor sentiment on the artificial intelligence trade.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warning From the Past About Living With CarsChicago Overcomes DNC Skeptics With Calm, Parties and SunAmong N
This month's selloff was "a warning shot" even as the market seems to have regained confidence, Goldman's head of asset allocation research said.
The chipmaker has been powering the AI revolution, but sometimes strong growth simply isn't enough.
New Enterprise Associates (NEA) is getting back into the secondaries game. The Silicon Valley-based VC raised more than $468 million for NEA Secondary Opportunity Fund, according to an SEC filing. The fund raised capital from more than 60 limited partners including the San Francisco Employees' Retirement System, which committed $20 million to the fund, according to meeting documents.
Here’s what could be next for the Nvidia partner.
This is what could happen next to SentinelOne shares.
Bostic said he will want to see confirmation from the monthly jobs report and two inflation reports due before the Fed's Sept. 17-18 meeting that the economic trends are continuing. "I don't want us to be in a situation where we cut, and then we have to raise rates again: that would be a very bad outcome" because it would undermine people's confidence in the Fed, he said at an event organized by the Stanford Club of Georgia and the Stanford Black Alumni Association–Atlanta. The Fed has kept its policy rate in the 5.25%-5.50% range for more than year to bring down high inflation.
