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Nvidia’s third-quarter earnings provided a temporary boost to the struggling AI-driven stock rally on Thursday—though the optimism proved short-lived as fears of an AI bubble quickly resurfaced.
Asian stock markets faced sharp declines following ambiguous U.S. jobs data, fueling uncertainty over interest rate cuts. Investors offloaded riskier assets, overshadowing Nvidia's positive earnings as focus shifts to the Fed's next steps.
U.S. stock futures moved sharply higher Wednesday evening, fueled by a blowout earnings report from Nvidia that reignited investor enthusiasm for the AI trade and temporarily eased concerns over a tech bubble.
Nvidia's impressive earnings, fueled by robust AI chip demand, lifted Asian stocks and boosted the U.S. dollar as investors anticipate delayed jobs data impacting Federal Reserve policy decisions.
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