The post US stocks sell off on Nvidia’s good news, as traders wait for results of key UK election appeared on BitcoinEthereumNews.com.

It’s never a good sign  when markets sell off on good news, but that is exactly what happened on Thursday. The Nasdaq is lower by 1.5% and is weighed down by the Magnificent 7. Nvidia is down by more than 4.5% today, and $200bn has been wiped from its market cap because its results were just too good. Nvidia’s history of weak response to earnings Nvidia is not a stranger to its stock price selling off after an earnings report, it slumped more than 8% a year ago, which is the stock’s largest ever post-earnings sell off. However, ahead of its earnings release, there were hopes that massive revenues and strong guidance would placate markets and even soothe fears about the AI trade. This has not turned out to be the case. Although Nvidia tried to calm concerns about AI demand last night, for example, saying that corporate demand for AI agents was skyrocketing, this was not enough. The Maleficent 7 Other victims of today’s sell off include Broadcom, Amazon, Google and Tesla as the Magnificent 7 turn into the Maleficent 7. Combined, these companies have lost nearly $400bn of market cap between them so far today. Nvidia is still the world’s most valuable company, but Apple is snapping at its heels and is closer to returning to the top after today’s reaction to Nvidia’s earnings report. Investors ditch US tech, and defensives The mood music has shifted for tech stocks, and this is evident in today’s price action. The S&P 500’s tech sector is down more than 2% so far, followed by communications and materials. The top performing sectors include financials, energy and real estate. Interestingly, typically defensive sectors of the stock market, like consumer staples and utilities, are not rallying in response, which suggests that the sell off…

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Filed under: News - @ February 26, 2026 8:27 pm