Data Center

US equity indices moved lower as Intel’s weak outlook sparked a sharp sell-off across technology shares. Defensive sectors found support, but pressure on major benchmarks kept traders focused on nearby technical support zones.

Nvidia reported fiscal second-quarter results that topped Wall Street expectations, led by stronger-than-forecast data center revenue. The company guided to $108 billion in revenue for the next quarter, while investors weighed a lower gross margin outlook and rising infrastructure costs.