Wall Street is experiencing negative variations despite Nvidia's strong results, as investors remain cautious about the prospects for artificial intelligence.
Wall Street has opened lower following a report from Nvidia, which, despite showing strong performance, has not quelled investor concerns regarding the sustainability of artificial intelligence forecasts. As a result, major indices are mixed, with the Dow Jones showing a slight increase of 0.17% while both the Nasdaq and S&P 500 are down by 0.92% and 0.30% respectively. Analysts from Grupo Financiero Ve por Más note that investor sentiment is leaning towards caution as they weigh the dual effects of Nvidia's results alongside Salesforce's performance and the potential for diplomatic negotiations between Iran and the United States over the Iranian nuclear deal.
Meanwhile, European markets are experiencing gains, with the French CAC 40 leading with an increase of 0.69%. This divergence in market performance highlights the contrasting reactions to corporate earnings and geopolitical developments. The cautious approach from investors in the US, stemming from larger economic concerns, reflects the jitters surrounding future growth prospects amid a rapidly changing technological landscape. Analysts emphasize the importance of upcoming results and negotiations in shaping market trends, suggesting that while opportunities for growth exist, caution remains a prevalent sentiment among traders.
