Nvidia shares fall 2.6% as tech selloff hits semiconductors before earnings

invezz.com (Dutch)

Nvidia shares fell about 2.6% Monday amid a broader tech selloff, with semiconductor stocks leading declines ahead of its quarterly earnings report Wednesday. The iShares Semiconductor ETF dropped nearly 3%, while Micron fell over 6%, AMD lost 3%, and Broadcom declined 2%. Nvidia is expected to beat consensus estimates of $2.09 adjusted earnings per share and $91.96 billion revenue. Analysts at Rosenblatt and Cantor Fitzgerald reaffirmed buy ratings with price targets of $325 and $350, citing strong AI momentum. The earnings report will test whether current AI infrastructure spending levels are sustainable.


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