European markets set for a soft open as investors await Nvidia earnings [CNBC]
SMITHS GROUP PLC S/ADR (SMGZY)
NASDAQ:AMEX Investor Relations:
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Source: CNBC
Michael M. Santiago | Getty Images News | Getty Images LONDON — European stocks are set for a soft open on Wednesday as doubts continue over tech stocks, with investors eagerly awaiting Nvidia earnings later. The U.K.'s FTSE index is seen opening flat, Germany's DAX down 0.2%, France's CAC 40 down 0.11% and Italy's FTSE MIB slightly higher, according to data from IG. Global markets have been on edge this week with conerns over AI-related tech stocks and valuations returning to the fore. U.S. stock futures were little changed overnight after major U.S. indexes extended their losses on Tuesday, driven again by pressure in tech shares. Investors on Wednesday are now preparing themselves for Nvidia's earnings report, due to be released after the U.S. market close, to inform the strength of the AI trade. Analysts largely expect Nvidia to meaningfully beat Wall Street's expectations and forecast strong sales growth, driven by demand for its AI chips and other infrastructure. Bu
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