Nasdaq 100 futures fell on Wednesday evening after artificial intelligence leader Nvidia, which has surged more than 150% this year, reported strong quarterly results that fell short of investors’ lofty expectations.

Nasdaq 100 Futures slid about 1%, while S&P 500 Futures fell by 0.5%. Meanwhile, Dow Jones Industrial Average Futures rose by 76 points, or 0.2%.

Nvidia shares fell 6% in extended trading. The AI ​​chipmaker beat expectations on the top and bottom lines in its fiscal second quarter and gave a rosy sales outlook for the current quarter, but failed to impress traders who expected a stronger beat.

“Death, taxes, and NVDA earnings violations are three things you can count on. Here’s the problem: The size of the earnings violation this time around was much smaller than we’ve seen to date. Even forward guidance was raised, but again not in the same way as in previous quarters,” wrote Ryan Detrick, chief market strategist at Carson Group.

“This is a great company that is still growing revenue at 122%, but it seems like the bar has been set a little too high this earnings season,” Detrick said.

Point of sale shares rose 3% after the enterprise software giant beat fiscal second-quarter estimates for revenue and profit and raised its full-year profit forecast. CrowdStrike also rose 3.5% on higher profit and revenue, although it cut its full-year forecast after the global outage in July.

Wall Street is emerging from a losing session after a drop in Nvidia shares ahead of the company’s earnings results that weighed on major averages. The tech-heavy Nasdaq Composite fell by 1.12%, while the S&P 500 fell 0.6%. The 30-share Dow fell about 159 points, or 0.39%.

The moves underscore Nvidia’s growing importance to the broader market. The semiconductor company, which this year surpassed $3 trillion in market capitalization and briefly became the world’s most valuable public company, now accounts for about 7% of the S&P 500.

Earnings season continues Thursday with some notable consumer names including Dollar General, Ulta Beauty And Lululemon Athletics. Campbell soup And Best buy are also on deck.

The personal consumption expenditure price index for July will be published on Friday.