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NVIDIA and Applied Materials Stock Fell Due to Weak Guidance

Paige Tanner
NVIDIA and Applied Materials Stock Fell Due to Weak Guidance

NVIDIA (NVDA) and Applied Materials (AMAT) joined Texas Instruments (TXN), TSMC (TSM), and Advanced Micro Devices (AMD) in reporting weak earnings guidance for the December quarter. NVIDIA and Applied Materials’ earnings guidance missed analysts’ estimates, which sent the stock down 16.8% and 7.3% in the after-hours trading session on November 15.