various tech products, including gaming consoles and smartphones. The company’s cautious outlook weighed on the entire semiconductor industry, as investors worried about the potential impact on demand.
Nvidia shares dropped in response to SK Hynix’s comments, dragging down other related stocks as well. The tech sector struggled to regain momentum from the previous day’s gains, as investors remained cautious about the implications of uncertain chip demand.
Overall, the mixed performance of US stocks on Thursday reflected investor uncertainty surrounding President Trump’s remarks at the World Economic Forum in Davos. The focus on trade policy, tariffs, and interest rates added to market volatility, as investors awaited further clarity on these key issues.
Meanwhile, earnings reports from companies like Electronic Arts, GE Aerospace, and American Airlines also influenced market movements, with each stock experiencing significant price fluctuations based on their quarterly results and forecasts.
Overall, the market landscape remains uncertain as investors continue to digest economic data, corporate earnings, and geopolitical developments. The coming days will likely bring further volatility as investors react to new information and adjust their strategies accordingly.