US equity-index futures and shares of Nvidia retreated after the chipmaker's sales outlook missed lofty expectations, weighing on sentiment around the world's most valuable listed company. Nvidia said Wednesday that sales will be roughly $54 billion in the fiscal third quarter, which runs through October. Though that was in line with the average Wall Street estimate, some analysts had projected more than $60 billion. The outlook adds to concern that the pace of investment in AI systems is unsustainable. Difficulties in China also have clouded Nvidia's business. Though the Trump administration recently eased curbs on exports of some AI chips to that country, the reprieve hasn't yet translated into a rebound in revenue. We get reaction from David Waddell, CEO and Chief Investment Strategist at Waddell & Associates.

Meantime, Bloomberg Opinion's Shuli Ren says a new China-buys-China narrative is taking shape as Beijing steps up its tech rivalry with the US. In her latest column, she writes that the world's second-largest economy not only wants to build generative AI models, but power them with its own hardware, redrawing a supply chain dominated by Nvidia. Shuli joins Bloomberg's Shery Ahn and Avril Hong on The Asia Trade.

US equity-index futures and shares of Nvidia retreated after the chipmaker's sales outlook missed lofty expectations, weighing on sentiment around the world's most valuable listed company. Nvidia said Wednesday that sales will be roughly $54 billion in the fiscal third quarter, which runs through October. Though that was in line with the average Wall Street estimate, some analysts had projected more than $60 billion. The outlook adds to concern that the pace of investment in AI systems is unsustainable. Difficulties in China also have clouded Nvidia's business. Though the Trump administration recently eased curbs on exports of some AI chips to that country, the reprieve hasn't yet translated into a rebound in revenue. We get reaction from David Waddell, CEO and Chief Investment Strategist at Waddell &amp; Associates. Meantime, Bloomberg Opinion's Shuli Ren says a new China-buys-China narrative is taking shape as Beijing steps up its tech rivalry with the US. In her latest column, she writes that the world's second-largest economy not only wants to build generative AI models, but power them with its own hardware, redrawing a supply chain dominated by Nvidia. Shuli joins Bloomberg's Shery Ahn and Avril Hong on The Asia Trade.

Join Bloomberg Daybreak Asia for business and finance news centered in the Asia-Pacific region, along with insight and analysis on the day's top stories in global markets.

Join Bloomberg Daybreak Asia for business and finance news centered in the Asia-Pacific region, along with insight and analysis on the day's top stories in global markets.

Bloomberg Daybreak: Asia Edition

Join Bloomberg Daybreak Asia for business and finance news centered in the Asia-Pacific region, along with insight and analysis on the day's top stories in global markets.

US Futures, Nvidia Drop After Chipmaker's Tepid Outlook

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