Nvidia’s earnings and financial outlook are a positive signal for a host of companies that make hardware for data centers. Nvidia beat analyst’s expectations for sales, which grew 78% from a year earlier,

Wall Street took a dim view of Nvidia’s (NVDA.O) quarterly forecast on Thursday with investors pushing the stock down more than 8 per cent, piling pressure on the “Magnificent Seven” stocks that have garnered market skepticism in the last three months.