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The Nasdaq Composite (^IXIC) struggled to gain on Thursday, dragged by shares of software giant Microsoft (MSFT) and chip maker Nvidia (NVDA).
Microsoft fell roughly 6% after the software giant’s quarterly results. Wall Street analysts pointed out Microsoft’s Azure growth was came in lighter-than-expected and may not reaccelerate in the back half of the year.
Meanwhile Nvidia shares fell more than 3%. Earlier this week the AI chip giant was hit by jitters over China’s DeepSeek less expensive and more efficient artificial intelligence model, and speculation that the Trump administration is considering stricter limits on the company’s sale of its chip technology in China.
Nvidia is down roughly 16% over the past four days.
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