European stocks are poised for a slight increase amid mixed market sentiment, following Nvidia's disappointing earnings forecast that impacted Asian semiconductor stocks. Meanwhile, shares of India's Adani Group plummeted after its chairman faced federal bribery charges, with significant losses across its companies. Concerns over stretched market valuations and inflation persist, as Federal Reserve officials express caution regarding economic stability.
Asian semiconductor stocks fell sharply following Nvidia's earnings report, which, despite exceeding expectations, revealed a slowdown in revenue growth. Nvidia's forecast of $37.5 billion for the current quarter, while above analyst predictions, indicates a significant decline from previous growth rates, prompting concerns among investors. Stocks of key suppliers like Advantest and Taiwan Semiconductor Manufacturing Corp also experienced declines, reflecting the broader market sentiment.
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