Nvidia Steady as OpenAI and SpaceX IPO Plans Lift Markets
Global markets are reacting to significant IPO filings from OpenAI and SpaceX while Nvidia shares remain stable following a strong earnings report and dividend increase. Investors are also monitoring falling oil prices and hawkish Federal Reserve minutes as flash business surveys indicate a slowdown in euro zone economic activity.
NVIDIA CORP shares fell 1% in overnight trading despite doubling annual sales and announcing an $80 billion stock buyback. The muted reaction follows a period where high growth expectations were already priced into the semiconductor leader's valuation. Investors are now weighing cooling chip demand against a surge in upcoming high-profile technology IPOs.
### Tech Sentiment Shifts to New Listings While Nvidia slipped, other global chipmakers rallied after SAMSUNG ELECTRONICS CO LTD rose 7% overnight. The gain followed a late-evening deal that prevented a planned workers' strike. Market sentiment improved further on reports that OpenAI and SpaceX are preparing for initial public offerings.
