Nvidia shares drop 9% as chip stocks and futures slide
In short
Nvidia shares fell 9%, and the move pulled down other chip stocks too. CoreWeave dropped 5% after rising 24% in regular trading, while Intel, Dell and Super Micro each lost 3% to 4%.
The slide also hit Nasdaq futures, which were down close to 300 points. That signals weakness in technology stocks and related markets.
What the reporting says
Nvidia shares fell 9% in a reported selloff that also dragged other chip stocks and Nasdaq futures lower, according to a CNBC TV18 Market summary. CoreWeave slipped 5% after a 24% rally in regular trade, while Intel, Dell and Super Micro each fell 3% to 4%. Nasdaq futures were down close to 300 points, pointing to broader pressure across technology shares.
Why it matters
Nvidia’s reported selloff on the market desk pushed other chip names lower, including CoreWeave, Intel, Dell and Super Micro. The same move also weighed on Nasdaq futures, which were down close to 300 points.