Nvidia's shares dropped more than 4% in the lead-up to its results, which are expected to be released later on Wednesday. Traders are keenly awaiting these results, looking for confirmation that the chipmaker can meet the high expectations set by the artificial intelligence boom.
Key takeaways:
- Asian stocks fell on Wednesday, influenced by the anticipation of Nvidia Corp.'s earnings report.
- Japan's equity benchmark traded lower due to declines in the tech sector, with similar trends observed in Australia and South Korea.
- The Nasdaq 100 dropped almost 1% and the S&P 500 fell below 5,000.
- Nvidia's stock sank more than 4% ahead of its earnings report, with traders looking for confirmation that the chipmaker can meet the high expectations set by the artificial-intelligence boom.