Nvidia Outlook Dampens AI Enthusiasm, Dragging Down Asian Chip Stocks

Asian semiconductor stocks declined as chipmaker Nvidia Corp.`s moderate outlook dampened enthusiasm for the artificial intelligence sector. Shares of Nvidia suppliers like SK Hynix, Advantest Corp., and Taiwan Semiconductor Manufacturing Co. fell. While Nvidia`s revenue forecast disappointed some investors, analysts remain optimistic about the company`s future, viewing the dip as a potential buying opportunity. Despite the recent rally in tech stocks, Nvidia`s performance has sparked concerns about an overheated AI market, leading some investors to seek opportunities in other areas.