Stocks Slip as Nvidia Drops Despite Earnings Beat | Closing Bell

Nvidia’s stock fell despite exceeding earnings expectations, dragging broader markets lower as investors reacted tepidly to its forward guidance. The chipmaker’s forecast, though strong, failed to meet elevated growth expectations tied to AI and quantum computing demand. Anthropic rejected the Pentagon’s latest funding proposal, signaling tensions over defense applications of AI. The move underscores growing industry resistance to military partnerships amid ethical concerns over advanced technology deployment. Iran described nuclear talks with the U.S. as "intense and serious," hinting at potential progress in reviving stalled negotiations. The discussions come amid rising geopolitical tensions and global scrutiny of Tehran’s nuclear ambitions. CalPERS downplayed risks from software sector exposure, with CEO Frost stating the pension fund remains "not too concerned." The remarks contrast with warnings of rising private credit defaults, now projected to hit 15% in tech-related loans. Senator Rubio announced a U.S. probe into a deadly Cuba speedboat shooting, escalating diplomatic friction. The investigation follows allegations of Cuban forces firing on civilians, adding to regional instability.