Tech Stocks Drop in Late Trading Following Nvidia Earnings: Markets Wrap – Yahoo Finance

Tech stocks took a hit in late trading today after Nvidia released its earnings report, causing a ripple effect throughout the market. The chipmaker’s earnings fell short of expectations, sending shockwaves through the tech sector.

Investors were quick to react, with tech giants like Apple, Microsoft, and Amazon all seeing a decline in their share prices. The Nasdaq Composite also took a hit, dropping by over 1% in late trading.

Despite the overall weakness in the tech sector, some companies managed to buck the trend. Netflix saw a slight increase in its share price, while Google’s parent company Alphabet remained relatively stable.

Analysts are divided on what this means for the market as a whole. Some believe that this is just a temporary setback for the tech sector, while others see it as a sign of a broader market correction.

Investors will be keeping a close eye on tech stocks in the coming days to see how they continue to perform. In the meantime, the market remains volatile as uncertainty looms over the future of the tech sector.