Global stock markets rebounded as investors awaited results from NVIDIA, the last of the Magnificent Seven megacaps to report earnings. In New York, the S&P 500 index rose about 1%, while the NASDAQ 100 climbed roughly 1.5%. The Dow Jones Industrial Average added 0.2%. European shares also gained, with the Stoxx Europe 600 up around 0.6%, and the broader MSCI World index advanced 0.6%.
Traders attributed the gains to optimism that would validate heavy investment in artificial‑intelligence infrastructure and ease fears that the AI boom might be a bubble. NVIDIA’s stock gained roughly 3% ahead of the announcement as investors positioned for a volatile reaction.
Bond markets were calm: the yield on US 10‑year Treasuries edged up to 4.12%, Germany’s 10‑year yield was stable at 2.70% and Britain’s 10‑year yield climbed to 4.60%. Currency traders nudged the Bloomberg Dollar Spot Index 0.3% higher, while the euro and British pound each slipped about 0.3% and the yen weakened by 0.7%.
Commodities showed divergent moves; West Texas Intermediate crude fell nearly 3% to about $59 per barrel on data showing rising US stockpiles, while spot gold gained 1.3%, trading around $4,121 an ounce.
Equity strategists said NVIDIA’s results could set the tone for broader markets. Analysts at Wolfe Research argued that concerns about a bursting AI bubble were overblown and suggested buying AI‑linked stocks on weakness.
Others noted that the semiconductor giant’s before recent earnings announcements despite strong results. The company’s quarterly sales and profits are expected to grow more than 50%, yet investors will focus on its outlook and whether demand for AI chips remains robust.