The Nasdaq 100 stock index fell more than 1% on Thursday as investors reacted to Nvidia's latest earnings report.
Shares of Nvidia fell more than 7% in extended trading even after the AI chipmaker beat earnings expectations as the firm's sales outlook for the current quarter failed to excite investors.
Analysts also noted that the company's performance is still performing well but the extent to which it beat expectations has declined compared to the previous quarter.
CrowdStrike also fell 2.6% after lowering its full-year outlook, while Salesforce gained 4.2% on upbeat quarterly results.
In regular trading on Wednesday, the Dow fell 0.39%, the S&P 500 lost 0.6% and the Nasdaq Composite fell 1.12%.
Eight of the 11 S&P sectors ending lower were led by declines in the technology, consumer discretionary and communications services sectors.
In corporate news, SMCI plunged 19% after announcing a delay in its annual report.
Investors now await more earnings reports and the latest initial jobless claims data on Thursday.
