Asian shares track Wall Street futures lower as Nvidia's results disappoint

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Asian shares track Wall Street futures lower as Nvidia's results disappoint - Business Standard

Quick Summary:

As a result, Nasdaq futures dropped 1 per cent early in Asia, while S&P futures skidded 0.5 per cent.

Nvidia's third-quarter revenue forecast of $32.5 billion surpassed Wall Street estimates, but the results still failed to impress the most bullish investors, who have driven a dizzying rally in its shares.

Shares of the AI darling slumped 7.6 per cent in after-hour trading, losing about $236 billion of its market value.