Good morning. Stocks slide after Nvidia earnings. Buffett’s Berkshire tops $1 trillion in market value. The Fed’s Bostic remains cautious. Here’s what people are talking about.
Stocks in Asia slipped as Nvidia earnings lacked the wow factor investors had become used to, while Chinese results helped extend a selloff in that country’s tech companies. Nvidia slumped more than 8% in post-market trading following a sales forecast that missed the highest analyst estimates. Nasdaq 100 futures fell, though only modestly. Tokyo Electron, TSMC and SK Hynix dipped, while European equity-index futures are also a tad lower. Addressing concerns about Nvidia’s new Blackwell chips, CEO Jensen Huang, said that supplies will be plentiful after manufacturing gains momentum. Listen here for more from Huang.
