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Asian chip stocks drop as Nvidia slumps after earnings miss
Asian stocks linked to the semiconductor industry declined after Nvidia’s recent earnings report failed to meet market expectations.
This resulted in a drop in the company’s shares on US exchanges.
In Japan, suppliers to Nvidia, such as Tokyo Electron Ltd., Advantest Corp., Disco Corp., and Lasertec Corp., saw their shares fall by over 5%.
South Korea’s SK Hynix Inc. and Samsung Electronics Co. also reported losses exceeding 2%.
Trading in Taiwan was closed due to a holiday.
Nvidia’s stock decreased by 8.5% in New York. The company indicated that its gross profit margins may be narrower than anticipated.
Recent Nvidia developments
| Timeline |
|---|
27-Feb-2025 📈 Nvidia revenue hits record $130.5b on AI growth in FY 2025
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25-Feb-2025 📉 Nvidia’s Q4 revenue falls as DeepSeek disrupts AI chip market
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15-Feb-2025 📉 Nvidia cuts Arm stake, invests in WeRide, exits others
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30-Jan-2025 📈 Nvidia supplier manufacturer boosts forecast, sees AI demand
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