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Global stocks slide as valuation fears grow ahead of Nvidia earnings

Global stocks slide as valuation fears grow ahead of Nvidia earnings

Global equities tumbled Tuesday as concerns of inflated valuations and an uncertain macro environment grips investors ahead of Nvidia earnings this week.  

The pan-European Stoxx 600 traded in negative territory on Tuesday with mining-linked stocks and banks leading Europe’s losses. The Stoxx Europe 600 Technology Index shed 1.5%, following in the footsteps of U.S. stocks as fears of an artificial intelligence-fueled bubble persist.  

The three major U.S. indexes, Dow Jones Industrial Average, the S&P 500 and tech-heavy Nasdaq Composite, ended the previous trading session in the red. On Tuesday, U.S. equities continued to slide, with Wall Street’s major averages all falling into negative territory after the…

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