VanEck: Traders selling Nvidia positions dragged down market sentiment.

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According to Foresight News , VanEck Australia stated that Nvidia's earnings report this week is expected to be a major test of market confidence in AI in the short term. Cross-asset investment strategist Anna Wu said, "Momentum is like a self-driving machine. Traders selling Nvidia stock ahead of the earnings report and US macroeconomic data releases have dampened sentiment in the US stock market and spread to Asian markets. If we use Bitcoin as a market sentiment indicator, it points to bearish-level concerns."

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