The Dow Jones Industrial Average fell 0.5%, the S&amp;P 500 Index fell 0.4%, and the Nasdaq fell 0.7%. Most Chinese concept stocks declined, with Alibaba down about 6%, as the company's Q4 revenue grew 7% year-on-year, which was below expectations; KE fell about 5%, as the company previously announced its first-quarter financial report; NetEase rose about 9%, as the company's first-quarter revenue exceeded expectations. Most technology stocks fell, with NVIDIA down about 1% and Tesla down about 3%

Nvidia will release its first quarter report for fiscal year 2026 ending April 27, 2025. 

According to analysts surveyed by FactSet, Nvidia's first-quarter revenue is expected to increase 66% year-on-year to $43.3 billion; adjusted earnings per share will increase 44% year-on-year to $0.88. The growth rate of revenue and profits has slowed significantly compared with the same period last year. In the same period last year, Nvidia's revenue increased by 262% year-on-year, and its adjusted earnings per share increased by 461% year-on-year.

Nvidia will release its first quarter report for fiscal year 2026 ending April 27, 2025. According to analysts surveyed by FactSet, Nvidia's first-quarter revenue is expected to increase 66% year-on-year to $43.3 billion; adjusted earnings per share will increase 44% year-on-year to $0.88. The growth rate of revenue and profits has slowed significantly compared with the same period last year. In the same period last year, Nvidia's revenue increased by 262% year-on-year, and its adjusted earnings per share increased by 461% year-on-year.

NVIDIA Financial Results for Q4 Fiscal 2025

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At the opening of the US stock market, technology stocks and Chinese concept stocks generally fell. The Dow Jones Industrial Average dropped by 0.5%, the S&P 500 index fell by 0.4%, and the Nasdaq index decreased by 0.7%. Alibaba's stock price fell by about 6%, with its Q4 revenue growing by 7% year-on-year, which did not meet expectations; KE dropped by about 5% after releasing its Q1 financial report; NetEase rose by about 9%, with Q1 revenue exceeding expectations. In terms of technology stocks, NVIDIA fell by about 1%, and Tesla dropped by about 3%

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U.S. stock market early trading: Most technology stocks and Chinese concept stocks are down, with Alibaba falling about 6%