Asian chip stocks slump as Nvidia's slowing revenue growth worries investors

Asian semiconductor-related stocks slumped on Thursday after Nvidia’s earnings forecast fell short of some investors’ high expectations, causing Nvidia’s shares to drop by 2.5% in extended trading to around $142.20 per share. The impact has spread to Asia, with stocks connected to Nvidia suppliers and other chip companies also experiencing declines, as noted by Daniel Newman, CEO at the Futurum Group, who highlighted the significance of meeting high-end expectations to avoid selling pressure.

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