Tech Stocks Suffer Ahead of Nvidia's Earnings Report

ICARO Media Group
News
22/02/2024 17h30

Investors faced uncertainty as all three major indexes were on track to decline for a third consecutive session following the release of the Federal Open Market Committee's meeting minutes. The anticipation of Nvidia's earnings report added to the market's unease, with Nvidia stock dropping 2.9% before the chipmaker's report was due after the closing bell. The high expectations for Nvidia, a prominent player in artificial intelligence technology, raised concerns that a subpar performance could potentially impact other tech stocks in the market. Traders kept a close eye on Nvidia's quarterly results, anticipating potential ripple effects throughout the tech industry.

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