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affected by nvidia's financial report, japanese and south korean stock markets both fell on thursday (august 29).

market data showed that the nikkei 225 index fell by more than 1% in the morning, but continued to narrow the decline and turned to rise at one point, closing down 0.02%; the south korean composite index remained weak, falling 1.02% to close at its lowest level in nearly half a month, with a maximum intraday drop of nearly 1.5%.

after the u.s. stock market closed overnight, nvidia released its financial results for the second quarter of fiscal year 2025. this "artificial intelligence weathervane" recorded revenue of us$30.04 billion in the quarter, a year-on-year increase of 122%; adjusted earnings per share were us$0.67, both exceeding market expectations.

huang renxun wrote in the report that demand for the hopper chip remains strong and expectations for blackwell are incredible. he also mentioned in the conference call that demand for blackwell will "far exceed supply" and "we see momentum in generative ai accelerating."

nvidia expects revenue of $32.5 billion in the third fiscal quarter, which is higher than the average expectation of $32 billion. however, bernstein said the market has priced this figure between $33 billion and $34 billion, and nvidia has not met this "higher standard."

after the financial report was released, nvidia's stock price fell by more than 8% in after-hours trading in the u.s. stock market, dragging down its related stocks in the japanese and korean stock markets. among the japanese heavyweight stocks, semiconductor equipment manufacturer tokyo electron closed down 1.76%, and softbank group, which has recently focused on investing in ai startups, fell 2.4%.

maki sawada, equity strategist at nomura securities, said nvidia's sales and revenue forecasts exceeded expectations but did not meet the high expectations of some in the market. "but nvidia's results are still positive and the sell-off will not last long."

ig analyst tony sycamore pointed out that nvidia's revenue exceeded expectations in 14 of the past 15 quarters, and its stock price has risen by more than 150% this year, which has put it under tremendous pressure. he believes that this may be a great time for investors to "switch from nvidia to other chipmakers."

advantest, one of nvidia's suppliers, fell more than 3.6% in early trading, but closed up 0.3%. in the nikkei index, nidec led the decline of more than 200 constituent stocks with a 3.32% drop, because amd, its water cooling equipment r&d partner, postponed the filing of the 10-k document for fiscal 2024.

in the south korean stock market, two chip manufacturing giants both plummeted, with samsung electronics closing down 3.14% and sk hynix down 5.35%. analysts pointed out that without the plunge of samsung and sk hynix, the korean composite index should have remained stable.

tsmc (2330), which manufactures chips for nvidia, closed down 2.18%. tsmc fell nearly 1.9% in pre-market trading on the new york stock exchange.