Nvidia Earnings Report Boosts US Market Optimism

U.S. markets showed resilience on Tuesday, recovering from early dips driven by geopolitical tensions, particularly following Ukraine's missile strike on a Russian facility. The Nasdaq Composite led the gains, buoyed by a substantial 3% rise in Nvidia's stock as investors eagerly awaited its third-quarter earnings report, which analysts project will reveal an 83% year-over-year revenue increase. Despite the positive market sentiment, concerns over escalating conflict prompted investors to seek refuge in safe-haven assets, with gold prices climbing and bonds seeing increased demand. Meanwhile, Russian President Putin's expansion of the nuclear doctrine further heightened market anxieties. Qualcomm also announced a promising outlook, expecting an additional $22 billion annually by 2029, while venture funding in Europe stabilizes despite a slight decline. Overall, the anticipation surrounding Nvidia's performance could significantly shape the tech sector amid mixed global signals.