End of the AI trade? Why Nvidia stock slipped even after stellar earnings

Core Viewpoint - A significant US equity rally, initially driven by Nvidia's strong earnings and guidance, experienced a reversal, leading to declines in major indices [1] Group 1: Company Performance - Nvidia reported blockbuster earnings, which initially fueled a rally in the equity market [1] - The company's guidance contributed to positive market sentiment before the reversal occurred [1] Group 2: Market Reaction - The early gains in the market were substantial but were not sustained, indicating volatility in investor sentiment [1] - Major indices were pulled lower as a result of Nvidia's stock performance reversing [1]