Chip maker’s post-earnings drop caps a season in which better-than-expected results have done little to lift indexes.

Shares in Nvidia skidded Thursday, despite the huge chip maker posting a jump in profit and record quarterly sales. The stock fell 5.5%, near its lows for the day, a move that erased $259 billion in m

The S&P 500 and the Nasdaq dipped on Thursday as the recent rally in technology stocks ground to a halt with Nvidia declining despite its stellar quarterly results, reigniting concerns regarding the AI trade.

Wall Street's bar for Nvidia just keeps getting higher. Stock analysts raced to lift forecasts for Nvidia's sales and earnings growth after the AI chipmaker posted a 94% rise in quarterly profit and r

"Our customers are racing to invest in AI compute - the factories powering the AI industrial revolution and their future growth." While providing chips for companies across the AI sector, Nvidia has also laid out plans in recent weeks to generate demand with new technologies of its own.

Record sales and booming cash flow come as worries have shifted to AI’s destabilizing impact.

Nvidia’s latest blowout profit report is getting waved off by Wall Street, and it’s dragging the U.S. market down. The S&P 500 fell 0.8% Thursday. The Dow Jones Industrial Average

Nvidia shares ticked higher in midday trading Wednesday, ahead of earnings due after the close. The chip maker's stock has slipped more than 6% from its October all-time high—when it became the first