Global Market Turmoil: Stocks Slide Amid AI and Economic Concerns

Global stock markets faced a downturn with a focus on Nvidia's expected earnings and US economic data. US indices slumped as European stocks also saw declines, while gold prices climbed and US Treasury yields dipped, reflecting investor caution amid valuation and economic concerns.

Worldwide stock markets experienced a significant downturn on Tuesday, driven by concerns over Nvidia's upcoming earnings and ongoing economic indicators in the United States. Investors remain wary as the S&P 500 and other major US indices slumped, reflecting a broader weakening in global investment sentiment.

Nvidia, a key player in the artificial intelligence arena, is at the center of market attention. As the chipmaker prepares to release its quarterly earnings, analysts ponder whether the AI momentum that has buoyed the stock market is sustainable or possibly approaching a bubble.

Meanwhile, European markets also tumbled, burdened by uncertainties surrounding tech stocks and potential US Federal Reserve decisions on interest rates. The decline saw increased safe-haven demand, with gold prices rising and US Treasury yields falling, underscoring investor caution in navigating a turbulent economic landscape.

(With inputs from agencies.)