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Nvidia (NVDA) stock slipped more than 3% on Wednesday, weighing on the Nasdaq 100 (^NDX). Shares in the AI chip giant are off about 9% in the past five days as investors have digested the company’s latest quarterly earnings release.
Other tech stocks were lower on Wednesday, including Dell (DELL). The company’s stock fell more than 10% following its quarterly earnings release. In a call with analysts, Dell COO Jeffrey Clarke said AI spending "will not be linear."
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