Nvidia's recent earnings report, despite surpassing expectations with a doubled revenue of $30.04 billion, led to a 7% drop in its stock due to investor concerns over shipment delays of its next-generation Blackwell GPUs and sky-high valuation expectations. The company's shares had surged more than 150% this year, fueled by robust demand in generative AI, but the steep valuations have prompted market caution. Nvidia's performance is critical not just for its own future but also as a bellwether for the AI industry and broader tech market, with companies like Meta heavily investing in Nvidia's GPUs. The mixed market reaction underscores both the enthusiasm and anxiety surrounding the AI boom, as Nvidia retains its position as the second-largest company by market cap. Concurrently, European markets are poised for a lower open with inflation data from Germany and Spain possibly influencing ECB policy decisions, while U.S. jobless claims gain prominence in light of Fed concerns over labor market weakening.