Nvidia Forecast Sparks Worldwide Equity Rally, Easing Tech Bubble Fears – Europe Market Wrap
Global equities pushed higher after Nvidia delivered an upbeat revenue outlook, easing worries that the artificial-intelligence boom was veering into bubble territory and restoring confidence across markets.
Nvidia jumped roughly 5% in premarket trading, lifting other AI-related names such as Advanced Micro Devices and Broadcom. Nasdaq 100 futures climbed about 1.5%, and major stock gauges in both Europe and Asia also posted gains. Bitcoin hovered near the $92,000 mark.
The strong performance from the industry’s AI standard-bearer offered relief after weeks of turbulence in technology shares. Investors had grown increasingly anxious about lofty valuations and the massive investments funneled into AI infrastructure, even as the sector fueled a nearly 40% surge in the S&P 500 from its April lows.
With the week’s first major catalyst bringing buyers back into the market, attention now shifts to the interest-rate outlook ahead of Thursday’s delayed September jobs report — the sole labor-market release before the Federal Reserve’s upcoming policy meeting.
Traders have trimmed expectations for a December rate cut amid firmer rhetoric from Fed officials and limited economic data, with money markets assigning only about a 30% probability of easing.
The Bureau of Labor Statistics has confirmed it will forgo an October jobs report, folding those figures into November’s release after the Fed’s last meeting of the year. Minutes from the central bank’s October gathering showed many policymakers favored keeping rates unchanged through the rest of 2025.
Treasuries have been confined to a narrow trading range this month, with the 10-year yield holding just above 4% and little changed around 4.14% on Thursday. The dollar steadied after recording its strongest advance since September.
In Japan, yields on five- and 10-year government bonds climbed to their highest levels since 2008 as investors awaited Prime Minister Sanae Takaichi’s upcoming stimulus package due Friday.
