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Gaming stocks, November 5 morning: Nvidia closes 3.2% lower
Qualcomm fell more than 6% after hours following its results, while Konami was reported higher during Tokyo trading.
Nvidia (Nasdaq: NVDA), maker of GeForce graphics cards, fell 3.2% at the US close on Wednesday, November 4. Associated Press reported pressure on AI-related stocks, including investor concerns about possible restrictions on data centers after the US midterm elections.
Qualcomm (Nasdaq: QCOM) fell more than 6% in extended trading after the November 4 close, according to a Reuters report updated on November 5 at 01:42. Revenue from its handset chip unit fell 26% to $5.14 billion in its fiscal fourth quarter, below analyst estimates. Alongside its phone chips, Qualcomm makes the Snapdragon G series for handheld gaming devices.
In Tokyo, gamebiz reported that game publisher Konami (Tokyo: 9766) continued to rise during trading on November 5. The report, published at 02:51, said Morgan Stanley and Tokai Tokyo had raised their price targets.
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