Banks and airlines among those under pressure, but US chipmakers advance on Wall Street
Nvidia
Banks among the sectors under pressure in Europe, while Wall Street stocks advance
Chip maker accounts for more than a third of the S&P 500′s year-to-date gains
Analyst reckons AI is in the early stages of an investment bubble and says internet bubble of the 1990s is a cautionary tale
Banking stocks mixed after first interest rate reduction in five years
All eyes on European Central Bank with interest rate cut widely expected
Company has been struggling to play catch-up in AI chips arms race currently led by Nvidia
Tech company gained almost half a trillion dollars in market capitalisation in just three days
Chip firm looking to extend its lead over the likes of Intel and AMD
Intel’s shares have lost more than half their value in recent years
Results push market cap to $2.5tn which is equal to the entire German stock market
Successful quarterly earnings at US chipmaker Nvidia have boosted technology shares on global markets
Semiconductor maker also announces a 10-for-1 stock split after quarterly results beat high expectations
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