CNBC Daily Open: Nvidia beating expectations isn’t enough

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

Nvidia: Great is not good enough
Nvidia's numbers continue to dazzle. The chipmaker beat earnings per share and revenue expectations. Alongside its earnings, Nvidia also announced a $50 billion stock buyback. Still, its shares fell 6.89% in extended trading – the company's been such a hot commodity that better-than-expected earnings is not good enough for investors.

Choppy stocks
Major US indexes fell Wednesday, dragged down by Nvidia as investors were on edge ahead of its earnings. Super Micro Computer was also a big drag, with its shares plunging 19% after the company said it'd not file its annual report on time, and Hindenburg Research disclosed a short position on it.

Asia chip stocks sink
Asia-Pacific markets fell Thursday amid a broad decline in Asian tech and chip-related stocks. The drop was precipitated by investor disappointment with Nvidia's earnings, which dragged down companies involved in Nvidia's supply chain. SK Hynix sank around 5.3%, while Samsung Electronics dropped 3.1%.  

The new chip war
Chinese electric vehicles are dominating, comprising up to 60% of the global market, according to the International Energy Agency. Now, Chinese electric car companies are turning to in-house designed auto chips, which will power features like driver-assistance and infotainment, to stand out further and cement their market share.

[PRO] Discount giant, discounted stock
Shares of PDD, the Chinese e-commerce giant, plunged nearly 29% on Monday and continued its descent in subsequent sessions.