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Global Stocks Struggle After Nvidia’s Disappointing Forecast

bitcoin also runs with global stocks
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Global stock markets showed muted movement following Nvidia’s underwhelming revenue growth forecast. Investors were hoping for stronger results from the AI giant, but the forecast fell short, causing a dip in investor sentiment. The market appeared directionless, with equities awaiting clearer guidance.

Nvidia’s Slowdown Weighs on Market Sentiment

Nvidia’s disappointing earnings report marked the slowest revenue growth in seven quarters, which rattled investors. Despite strong ongoing demand for Nvidia products, analysts warned that such growth could not continue indefinitely. While Nvidia shares fell initially, they later recovered, signaling cautious optimism in the tech sector.

Bitcoin Nears $100,000 Amid Growing Crypto Buzz

Bitcoin has flooded higher than ever, approaching the $100,000 mark. The cryptocurrency’s recent rally is fueled by optimism surrounding the upcoming U.S. administration’s crypto-friendly stance. With discussions on creating a dedicated crypto policy position at the White House, Bitcoin is charging ahead, setting its own path apart from traditional markets.

itcoin has flooded higher than ever, approaching the $100,000 mark

Dollar Gains Strength as Rate Cut Expectations Fade

The U.S. dollar has firmed following the November 5 election, with traders scaling back expectations of imminent rate cuts. The dollar index reached 106.63, nearing its one-year high. Anticipation of inflationary pressures from proposed tariffs has investors expecting higher rates for a longer period, boosting the dollar’s value.

Russia-Ukraine Tensions Boost Oil and Gold

The continuous clash among Russia and Ukraine keeps on disturbing business sectors, making oil and gold costs rise. Oil prices were up by 2% due to supply concerns, with Brent crude hitting $74.22 per barrel. Similarly, gold saw a 0.6% increase, driven by demand for safer investments amidst geopolitical uncertainties.

Adani Group Hits Major Setback

In India, Adani Group faced a significant blow following the indictment of its chairman, Gautam Adani, over alleged bribery and fraud charges. The news caused a $27 billion loss in market value across Adani’s companies, dragging down the broader Indian market.

What’s Next for Global Markets?

As stock markets remain cautious, all eyes are on upcoming economic indicators and political developments. The uncertainty in traditional equity markets contrasts with the ongoing bullish momentum in Bitcoin, which continues to break records. Investors will be watching closely for any signs of clarity, particularly with the Federal Reserve’s next moves and the potential impact of U.S. policies on global markets.

Conclusion

Global markets are navigating through a period of uncertainty, with mixed signals from major sectors. Nvidia’s disappointing forecast has dampened investor sentiment in the tech space, while Bitcoin continues its upward trajectory, driven by optimism about crypto-friendly policies. 

The strengthening U.S. dollar, coupled with geopolitical tensions in Russia and Ukraine, has further impacted market dynamics, pushing investors toward safe-haven assets like gold and oil. As markets await clearer economic guidance, the volatility in both traditional equities and emerging digital assets highlights the need for cautious optimism and strategic decision-making in the coming weeks.

 

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