Stocks Fall Late as Nvidia Results Fail to Inspire: Markets Wrap

Stocks fell in late hours after Nvidia Corp.’s revenue forecast struggled to clear elevated expectations, weighing on sentiment across the technology sector and testing the strength of the AI-fueled rally that has dominated global markets.

A $660 billion exchange-traded fund tracking the S&P 500 dropped, following an advance that drove the equity benchmark to a fresh record on Wednesday. The chipmaker slid 2.5% after projecting fiscal third-quarter sales of about $54 billion, excluding China data-center revenue. While the outlook matched estimates, it trailed the more optimistic forecasts.