More drops for Nvidia and other AI chip stocks erase Wall Street's rally from the day before
More drops for AI chip stocks are dragging the U.S. market lower on Thursday, even as much of Wall Street rises following strong profit reports from AppLovin, Tapestry and other companies.
TL;DR
- AI chip stocks are causing a decline in the U.S. market.
- This drop is occurring on a Thursday.
- Other sectors of Wall Street are rising.
- Strong profit reports from AppLovin and Tapestry are contributing to the rise in other areas.