NVIDIA pours cold water on the AI boom, Asian chip stocks fall in unison
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NVIDIA's latest performance outlook fell short of analysts' expectations, leading to a decrease in investor confidence and a general decline in Asian semiconductor stocks. Despite revenue exceeding expectations in Q2, guidance for the future was lower than expected, coupled with production obstacles, causing its stock price to drop more than 8% in after-hours trading. Companies like SK Hynix, Advantest, and TSMC also experienced significant declines in their stock prices. The overall market sentiment was affected by this, intensifying investors' concerns about the AI boom, but analysts remain optimistic about NVIDIA's prospects
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