European stock markets ended a five-day losing streak, and NVIDIA's optimistic outlook alleviated concerns about the AI bubble
European stock markets ended a five-day losing streak, thanks to NVIDIA's unexpectedly strong revenue outlook, which eased investors' concerns about an artificial intelligence bubble. The Stoxx Europe 600 index closed up 0.4%, having risen as much as 1.2% during the session, but gave back some gains after hawkish comments from Federal Reserve officials. The energy sector outperformed the market, while the media and automotive sectors lagged. NVIDIA's optimistic sales forecast provided relief to the market, which had previously seen a sell-off in global risk assets due to concerns over high valuations of tech stocks amid the AI frenzy and uncertainty regarding the Federal Reserve's interest rate outlook
Source: Wallstreetcn The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments