Indices recover but will Nvidia help or hinder the bounce?
|Signs of recovery have been seen in stock markets today, though Nvidia earnings still lie ahead, says Chris Beauchamp, Chief Market Analyst at investing and trading platform IG.
Markets edge higher ahead of Nvidia earnings
It’s Nvidia’s world really, we all just live in it. US stocks dominate the fate of global markets, and as the largest single listed entity in the world, Nvidia’s earnings are an event marked on the calendar of every investor. Tonight’s earnings are unlikely to settle the question of whether we are in an AI bubble, but they might provide fuel for a continuation of the tentative bounce seen in stock markets today.
Volatility retreats after days of selling
Given the amount of doom-laden coverage around the drop in stocks over the past week or more, you’d think we were witnessing a rerun of April’s tariff-related panic. In truth indices around the globe had been overdue some kind of selloff, just to reset sentiment and allow some judicious profit-taking. It feels like many expect this to turn into the long-awaited selloff that pops the AI bubble, but such predictions feel far-fetched.
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