S&P 500 ends down as Nvidia tumbles following report

S&P 500 and Nasdaq ended sharply lower on Thursday due to Nvidia’s disappointing quarterly report and data indicating a cooling U.S. economy, despite an upbeat revenue outlook. Nvidia’s stock fell 8.5%, pulling down other chipmakers like Broadcom and Advanced Micro Devices. Investors are also concerned about AI overcapacity and upcoming economic data. S&P 500 and Nasdaq ended sharply lower on Thursday due to Nvidia’s disappointing quarterly report and data indicating a cooling U.S. economy, despite an upbeat revenue outlook. Nvidia’s stock fell 8.5%, pulling down other chipmakers like Broadcom and Advanced Micro Devices. Investors are also concerned about AI overcapacity and upcoming economic data.  Economic Times