Nvidia Corp. said sales would reach roughly $54 billion in the fiscal third quarter.
Photographer: Ian Maule/BloombergUpdated on
Technology stocks in Asia and US equity-index futures dropped after Nvidia Corp.’s sales outlook missed lofty expectations and Meituan’s profit warning hurt sentiment.
Nvidia fell 3% in extended hours and contracts for the Nasdaq 100 declined 0.4%. Meituan shares sank as much as 9.7% in Hong Kong after the company warned of major losses while MSCI’s gauge of Asian technology shares fell 0.4%. Alibaba Group Holding Ltd. dropped 4.2% ahead of earnings Friday. US stocks dipped in late hours after the S&P 500 benchmark hit a record high.
