Global Markets Mixed as Nvidia Beats Estimates but Issues Weaker Sales Guidance Amid China Concerns and AI Outlook

Global stock markets showed mixed performance ahead of Nvidia Corp.'s quarterly earnings report, reflecting investor caution about the outlook for artificial intelligence (AI) and semiconductor sectors. Asian markets were largely muted or slightly higher, with Tokyo and Hong Kong stocks displaying cautious trading. U.S. stock index futures were flat to slightly lower as investors awaited Nvidia's earnings release, which was expected to provide key insights into the AI industry's trajectory. After Nvidia reported earnings, the company beat revenue and profit estimates but issued weaker-than-expected sales guidance. This tempered enthusiasm among investors, contributing to a dip in U.S. futures and a retreat in Nvidia shares. Concerns about Nvidia's sales prospects in China also weighed on market sentiment. Overall, the earnings report sparked a mixed reaction, with markets uncertain about the strength and sustainability of the AI-driven rally in technology stocks.