Nvidia’s stock saw the pressure build as Thursday’s session wore on, resulting in its worst post-earnings performance in more than six years.
The stock ended the day off 8.5%, which was its steepest post-earnings drop since Nov. 16, 2018, according to Dow Jones Market Data.
Chip stocks broadly took a beating, with the PHLX Semiconductor Index falling 6.1%. All of its components ended in the red.