Nasdaq Resumes Selloff as Nvidia Falls Despite Strong Results, AI Concerns Mount

• Nasdaq retreated as AI boom concerns overshadowed strong Nvidia results, despite the chip giant reporting quarterly profits more than doubling to $43 billion.
• Nvidia's stock fell 5.5 percent, indicating a significant shift in investor sentiment even after beating revenue forecasts.
• Tech equities face a brittle moment as markets weigh worries about AI capital spending profitability and risks to incumbent tech companies.
• European indices advanced, with London, Paris, and Frankfurt hitting new records; Rolls-Royce shares surged 4.5 percent.
• Asian markets saw Tokyo and Seoul reach new peaks, while Hong Kong edged down and Shanghai remained flat.