Global equity markets eased from record highs as concerns over technology valuations intensified following Nvidia's latest earnings report. Investors are digesting strong results from the AI chipmaker, but its soaring market value is drawing scrutiny.
On Wall Street, technology and communication services sectors led the decline, with Nvidia shares falling 4 percent. The Dow Jones Industrial Average saw a modest gain, while the S&P 500 and Nasdaq Composite registered losses. Analysts note that despite robust estimates and cash flow from companies like Nvidia, market sentiment is shifting towards concerns about current valuations.
In Europe, the broad STOXX 600 index also experienced a slight downturn.