Premarket: Global stocks mixed after Nvidia tumbles again as AI mania cools

World stocks were mixed Tuesday after another slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed Monday, even as the majority of stocks rallied.

Japan’s benchmark Nikkei 225 surged 1% to 39,173.15 after data from the Bank of Japan Tuesday showed the services producer price index in May was up 2.5% compared to the same period last year, a slowdown from the 2.7% increase seen in April. On Monday, the S&P 500 slipped 0.3% to 5,447.87. The drops for Nvidia and other winners of Wall Street’s artificial intelligence boom pulled the Nasdaq composite down 1.1% to 17,496.82, while the Dow Jones Industrial Average rose 0.7% to 39,411.21.

The nearly insatiable demand for Nvidia’s chips to power artificial intelligence applications has been a big reason for the U.S. stock market’s record runs recently, even as the economy’s growth slows under the weight of high interest rates. But the AI boom has been so frenzied that it’s raised worries about a possible bubble in the stock market and too-high expectations among investors.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Premarket: Global stocks boosted by Nvidia rallyU.S. markets are closed on Wednesday, which will likely result in muted trading throughout the day
Sumber: globeandmail - 🏆 5. / 92 Baca lebih lajut »

Premarket: Global stocks cling to gains, yen on intervention watchFed’s favoured inflation index looms large this week
Sumber: globeandmail - 🏆 5. / 92 Baca lebih lajut »

Premarket: Global stocks steady amid investor confidence on U.S. rate cutsPound treads cautiously ahead of BoE meeting
Sumber: globeandmail - 🏆 5. / 92 Baca lebih lajut »

Premarket: Global shares stable as political turmoil saps market moodInvestors look for direction from a string of central bank meetings in Europe this week as well as fresh U.S. economic data
Sumber: globeandmail - 🏆 5. / 92 Baca lebih lajut »

Premarket: Global stocks retreat after record highsBond market borrowing costs and the U.S. dollar rose after the Fed nudged back rate cut expectations
Sumber: globeandmail - 🏆 5. / 92 Baca lebih lajut »

Premarket: Global stocks near all-time highs ahead of expected ECB rate cutBut what the European central bank does after that remains subject to much debate
Sumber: globeandmail - 🏆 5. / 92 Baca lebih lajut »