Why Thursday's Nvidia Earnings-Led Stock Market Early Rally Turned Into a Rout

Many investors in Nvidia (NASDAQ: NVDA) stock and other artificial intelligence (AI) stocks probably went to bed on Wednesday night believing that Thursday would be a good day for their stock. Indeed, many investors likely thought the same about the entire stock market.That's because AI tech leader Nvidia (NASDAQ: NVDA) turned in a phenomenal third-quarter report on Wednesday after the market close. Not surprisingly, investors bid the stock up by about 5.1% in Wednesday's after-hours trading.Nvidia's quarterly results often impact other AI stocks as well. The company is considered a bellwether, or an indicator, of the AI market, because it's the largest AI company by market capitalization. Its immense size stems mainly from its sales of graphics processing units (GPUs) and related tech that enable AI in data centers. Demand for its industry-leading GPUs has been voracious.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool