Nvidia's weak outlook caused Asia

Overnight,ST short-term foreign exchange trading U.S. stocks were dragged down across the board by tech stocks, with the Nasdaq falling over 1% and the Dow Jones retreating from record highs. Nvidia Corporation (NASDAQ: NVDA) saw its stock price drop more than 8% at one point after releasing its earnings report, while Supermicro (NASDAQ: SMCI), which delayed its earnings report, plunged 19%, coming under heavy short-selling pressure.

Wall Street analysts pointed out that the main reason for Nvidia's stock pressure could be its third-quarter earnings expectations. Nvidia expects third-quarter revenue growth to slow to double digits for the first time in six quarters, which is below Wall Street's previous expectations of triple-digit growth.

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