European markets will open with a gentle start on Wednesday as concerns surround tech stocks, and investors are looking forward to Nvidia, earnings later.
IG data reported that the U.K.’s FTSE index is opening flat, the DAX of Germany dropped 0.2 percent, France’s CAC 40 fell 0.11 percent, and the FTSE MIB of Italy is slightly down.
The markets around the globe have been on edge this week with concerns over AI-related tech stocks and valuations coming back to the limelight.
The stock futures in the U.S. remained mostly unchanged overnight, as the key U.S. indexes continued their downfall on Tuesday, focusing once again on the pressure in tech shares.
Investors are getting ready to receive the earnings report of Nvidia on Wednesday, which is set to be released at the end of the U.S. market, to shape the power of AI trade.
Analysts widely anticipate that Nvidia will significantly surpass the expectations of Wall Street and predict a high growth in sales, given the demand for its AI chips and other infrastructure.
However, the company must exceed the expectations of investors, who have offloaded profits of their technology holdings in recent days, as indications resemble the increased worries that the AI boom has overheated the valuations of Nvidia and other tech hyperscalers.
The U.K. inflation data for October is released on Wednesday morning, and the earnings are announced by Sage Group, Severn Trent, and even Smiths Group.
