Nvidia Revenue Forecast Fuels Global Market Concerns

Global stocks experienced a slight decline after Nvidia, the world's most valuable company, projected its slowest revenue growth in seven quarters, disappointing investors despite reporting a record $35.08 billion in revenue for the third quarter. Rising geopolitical tensions from the Ukraine-Russia conflict and a cautious market sentiment led to increased demand for safe-haven assets like gold and oil. Bitcoin, however, surged to a new high, approaching $100,000, fueled by optimism regarding U.S. President-elect Donald Trump's potential regulatory changes for cryptocurrencies. Nvidia's fourth-quarter revenue forecast is also lower than previous quarters, indicating a slowdown in its explosive growth that has characterized the tech sector. Additionally, concerns over the Adani Group following indictments related to bribery have negatively impacted market values in India. As investors await clearer market direction, the focus remains on Nvidia's ongoing role in the AI sector amidst supply constraints.