Written by Mitrade
Reviewed by Mitrade
Written by Mitrade
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 Markets Plummet as U.S. Jobs Data Raises Rate Cut Concerns Despite Strong Nvidia EarningsAsian 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.
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.
Oil prices edged lower during early Asian trading on Wednesday, as another rise in U.S. crude inventories intensified worries that global supply is outstripping demand.