Traders work on the floor of the New York Stock Exchange during morning trading on November 17, 2025 in New York City.
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LONDON — European stocks are set for a soft open on Wednesday as doubts continue over tech stocks, with investors eagerly awaiting Nvidia earnings later.
The U.K.’s FTSE index is seen opening flat, Germany’s DAX down 0.2%, France’s CAC 40 down 0.11% and Italy’s FTSE MIB slightly higher, according to data from IG.
Global markets have been on edge this week with conerns over AI-related tech stocks and valuations returning to the fore.
U.S. stock futures were little changed overnight after major U.S. indexes extended their losses on Tuesday, driven again by pressure in tech shares. Investors on Wednesday are now preparing themselves for Nvidia’s earnings report, due to be released after the U.S. market close, to inform the strength of the AI trade.
Analysts largely expect Nvidia to meaningfully beat Wall Street’s expectations and forecast strong sales growth, driven by demand for its AI chips and other infrastructure.
But the company has to meet lofty expectations among investors, who have taken profits from their tech holdings in recent days, reflecting heightened concerns that the AI boom has run up the valuations of Nvidia and other tech hyperscalers.
U.K. inflation data for October is due Wednesday morning and earnings come from Sage Group, Severn Trent and Smiths Group.
— CNBC’s Pia Singh contributed to this market report.
