Nvidia shares fell with the chip group, and investors questioned when AI spending will pay off. The report ties the immediate shock to Intel and gives no new Nvidia business update, so its outlook is unchanged.
The report gives no new information about Nvidia's sales, supply, or customer demand. It says the immediate trigger was Intel's weak outlook. Investors also questioned when AI spending will pay off, but the story does not show that Nvidia's business has changed.
Intel's AI division sales grew 78% to $7.3 billion in the third quarter. But shortages limit server shipments, PC sales are shrinking, and its next-quarter sales outlook fell short of expectations, pointing to a weaker outlook.
AMD shares fell 9.7% in the chip selloff, but the report gives no AMD-specific sales or business update. It does not show a change in AMD's outlook.
Broadcom shares fell 5.5% in the chip selloff, but the report gives no Broadcom-specific sales or business update. It does not show a change in Broadcom's outlook.
TSMC shares fell 5.4% in the chip selloff, but the report gives no TSMC-specific sales or business update. It does not show a change in TSMC's outlook.
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