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Shares Dropped Nearly 7% in Extended Trading on Wednesday

(Bloomberg) -- Asian semiconductor stocks slipped as a less-than-outstanding outlook from key chipmaker Nvidia Corp. cooled investor sentiment on the artificial intelligence trade.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warning From the Past About Living With CarsChicago Overcomes DNC Skeptics With Calm, Parties and SunAmong N

This month's selloff was "a warning shot" even as the market seems to have regained confidence, Goldman's head of asset allocation research said.

The chipmaker has been powering the AI revolution, but sometimes strong growth simply isn't enough.

New Enterprise Associates (NEA) is getting back into the secondaries game. The Silicon Valley-based VC raised more than $468 million for NEA Secondary Opportunity Fund, according to an SEC filing. The fund raised capital from more than 60 limited partners including the San Francisco Employees' Retirement System, which committed $20 million to the fund, according to meeting documents.

Here’s what could be next for the Nvidia partner.

This is what could happen next to SentinelOne shares.

Sentiment on the sector wasn't helped by the latest developments in Asia.

One tech stock is poised to outperform Apple and Nvidia over the next five years. Find out who it is and why the stock looks undervalued today.