Nvidia Downs On Good Performance...KOSPI on bad news

Nvidia Announces Third Quarter Earnings...exceeded market expectations

Our stock market also fell due to Nvidia's fall leading AI rally

SK Hynix and other related stocks in 1% range ↓…KOSPI closes lower

[Anchor]
Shares fell even after Nvidia, the AI chip leader, performed better than expected.

This is because the market's eye level has risen too much, and it has also been a bad news for our stock market.

I'm reporter Lee Hyungwon.

[Reporter]
Nvidia earnings released after the New York Stock Exchange closed exceeded market expectations.

Q3 revenue and earnings per share, as well as Q4 forecasts, were not bad.

Still, the stock slipped in after-hours trading.

[Lee Jung-hwan / Professor of Economics and Finance at Hanyang University] There was an expectation that a big event, a new chip called Blackwell, would boost sales in the fourth quarter, but it didn't seem to meet those expectations....]

Our stock market also lost momentum as Nvidia shares, which lead artificial intelligence and AI rallies, fell out.

The KOSPI closed lower as related stocks such as SK Hynix, which supplies HBM to Nvidia, closed down to the 1% range.

Samsung Electronics, which was driven by low-priced buying, rose nearly 2%, but it failed to reverse the trend of the index.

[Kim Yong-gu / Researcher of Sangsang Certification Rights: Since Trump has gone beyond any friction in terms of trade to any potential limit of uncertainty, so it is extremely undervalued anyway....]

It does not seem easy for our stock market, which has been mired in a downward spiral, to shake off the slump as there is no strong enough shot to blow away concerns about trade disputes from Trump or Russia-Ukraine escalation.

I'm Lee Hyungwon of YTN.


Video editing: Kim Jeong-won
Design: Lee Na-eun