European Stocks Rise 0.2% as Nvidia Slips 0.4% Despite $80 Billion Buyback
Updated
Updated · Reuters · May 21
European Stocks Rise 0.2% as Nvidia Slips 0.4% Despite $80 Billion Buyback
13 articles · Updated · Reuters · May 21
Europe's STOXX 600 rose 0.2% after an early dip, while S&P 500 and Nasdaq futures were little changed as investors weighed uneven signals on U.S.-Iran talks.
Nvidia fell 0.4% in premarket trading even after beating forecasts, projecting $91 billion in second-quarter earnings and unveiling an $80 billion share repurchase plan.
Trump said Iran talks were in the final stages but also said strikes could resume, leaving traders reluctant to chase optimism after earlier disappointments.
Asia had rallied overnight—MSCI's ex-Japan index gained 2.6% and Samsung jumped 8.5% after its union suspended industrial action—showing chip and risk sentiment remained broadly firm.
Markets are still balancing AI-growth enthusiasm against macro pressure, with the dollar index flat at 99.15 and 10-year Treasury yields near 4.58% after this week's 16-month high.
Nvidia crushed earnings and plans an $80B buyback. So why did its stock still fall?
With Iran's nuclear technology now irreversible, can any new peace deal truly prevent it from building a weapon?