Nvidia stock drops 5.5% after earnings beat as investors question AI payoff
Nvidia tumbled 5.5% to $184.89 on Thursday, dragging the Nasdaq down 1.18%. The Dow squeezed out a 0.03% gain to finish at 49,499.20, while the S&P 500 dropped 0.54% to 6,908.86. “It feels like an Nvidia hangover that’s specific to the AI space,” said Michael Green, chief strategist at Simplify Asset Management.