NVIDIA shares fell approximately 2.3% in Wednesday's regular-session trading as of 11:18 a.m. ET amid a broader AI-chip selloff. The decline followed SK Hynix's 9.6% drop after the South Korean memory-chip supplier to NVIDIA reported record profit that missed expectations. SK Hynix's operating profit rose more than sixfold on AI-driven demand, but shipment delays for some advanced products limited DRAM price increases, and analysts noted that its roughly 10 long-term supply agreements could restrict gains if memory prices keep rising. The Philadelphia Semiconductor Index declined 1.6% during morning trading, reflecting investor concerns about intensifying competition from Chinese chipmakers and lower-cost AI models. Upcoming earnings from Microsoft, Meta Platforms, Amazon, and Apple are expected to provide further signals on cloud growth, AI revenue, and infrastructure spending that could influence pressure on NVIDIA and the broader semiconductor sector.
Apple Inc.
Amazon.com Inc
Microsoft Corporation
NVIDIA Corporation
SK Hynix Inc
Meta Platforms Inc.