WS #12399
The sell-off in AI and chip stocks worsens, with Nvidia down 2.2%, Nasdaq falling 1.4%, and Asian tech stocks tumbling, as concerns about overvaluation and sustainability of AI demand persist. Netflix forecasts Q3 revenue and EPS below Wall Street expectations, causing shares to tumble 8.6% after-hours, as the company faces a maturing growth profile.
AI Sell-Off Deepens
The sell-off in AI and chip stocks worsens, with Nvidia down 2.2%, Nasdaq falling 1.4%, and Asian tech stocks tumbling, as concerns about overvaluation and sustainability of AI demand persist.
Netflix forecasts Q3 revenue and EPS below Wall Street expectations, causing shares to tumble 8.6% after-hours, as the company faces a maturing growth profile.