analyst

While the stock-market selloff is putting the traditional year-end rally in doubt, some market analysts said a 5% pullback would be normal and technically overdue given highflying valuations of technology stocks.

Meanwhile, the three analysts whose estimates are listed for adjusted net income project $22 million on average.

Adjusted earnings per share were 71 cents, ahead of estimates of 54 cents a share according to analysts polled by FactSet.

Mr. Swift is a senior research analyst at the Foundation for Defense of Democracies’ Center on Economic and Financial Power and a retired U.S. diplomat who served in Myanmar, 2015-19.

With increasing talk among Wall Street analysts of an AI bubble, shares in Nvidia, the world's biggest company by market capitalization, were down slightly amid a broad sell-off in the tech sector.