Nvidia earnings set to drive next AI rally leg

finance.yahoo.com

Asian markets were muted on Tuesday as investors awaited Nvidia's earnings, with expectations high for the AI chipmaker to deliver strong results and drive the next leg of the AI rally. Technology shares faced pressure from Alibaba's $10.2 billion discounted share sale to fund AI ambitions and disappointment over Samsung's shareholder-return plan. Unitree shares slumped 45% after a fivefold debut jump, raising concerns about bubble risk and IPO flaws. Oil prices nursed losses after U.S. sanctions on Iran fell short of the most punishing measures. Investors also awaited German GDP and Ifo data to assess the economic impact of higher energy prices.


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