Nvidia slump drags Asian markets US tech indices lower
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- Nvidia shares fell more than 5% after posting a fourth‑quarter earnings and revenue beat, marking its worst day since April.
- Asia‑Pacific markets traded mixed, with Japan’s Nikkei 225 up 0.16% to 58,885.27 and South Korea’s Kospi down 1.0% to 6,244.13.
- SK Hynix slipped 3.46% as a key high‑bandwidth‑memory supplier to Nvidia, while Samsung Electronics fell 0.69%.
- SoftBank Group dropped over 2.6% amid the broader AI‑related market sell‑off.
- U.S. indices fell back, with the S&P 500 down 0.54% to 6,908.86, the Nasdaq down 1.18% to 22,878.38, and the Dow barely up 0.03% to 49,499.20.
- Other chip makers including Broadcom, Lam Research, Western Digital and Applied Materials also saw their stocks slide.
Why it matters: Investors in Nvidia and its supply chain feel the pain as the chip leader’s share drop drags down related Asian tech stocks and U.S. indices, while the modest gains in Japan’s Topix and Australia’s ASX suggest a limited offset. The market reaction underscores the sensitivity of AI‑related equities to Nvidia’s performance.
