European stocks fall as Nvidia slump hits tech sector

LONDON/SYDNEY, June 25 (Reuters) – European stocks fell on Tuesday after a 7% drop in chipmaker Nvidia dragged down U.S. tech companies on Monday, in a sign of nervousness about the artificial intelligence boom.

Stock markets remained close to record highs, however, as investors shifted into less flashy names. Bond yields cooled and Japan’s yen stayed under pressure.

Investors’ attention is being pulled in multiple directions, with snap elections in France starting at the weekend; the first U.S. Presidential debate on Thursday; and the release of the Federal Reserve’s preferred gauge of inflation on Friday.