What is the impact of Nvidia's weak sales forecast on global markets?

Nvidia's weaker-than-expected sales outlook has led to a drop in US equity futures and Nvidia's own share price, fueling doubts about the durability of the recent AI-driven spending boom.

How is the competition between Meituan and Alibaba affecting the Chinese market?

The competition between Chinese tech companies Meituan and Alibaba has resulted in Meituan reporting losses, which has put pressure on Hong Kong and Chinese shares.

What is the significance of Mexico's plan to raise tariffs on Chinese goods?

Mexico's announcement to raise tariffs on Chinese goods is expected to add to the existing trade tensions, potentially impacting the global trade landscape.

Home / Business and Economy / Nvidia's Weak Sales Forecast Dampens AI Spending Boom

Nvidia's Weak Sales Forecast Dampens AI Spending Boom

28 Aug

•

Summary

US futures, Nvidia shares drop after chipmaker's poor sales outlook
Meituan reports losses amid competition with Alibaba in China
Mexico to raise tariffs on Chinese goods, adding to trade tensions

Nvidia's Weak Sales Forecast Dampens AI Spending Boom

On August 28th, 2025, global markets faced a downturn as concerns over the AI-driven spending boom surfaced. US equity futures and shares of Nvidia, a leading chipmaker, fell after the company issued a weaker-than-expected sales outlook, fueling doubts about the sustainability of the recent AI-fueled growth.

Across Asia, markets also softened, with Hong Kong and Chinese shares coming under pressure. This was partly due to Meituan, a major Chinese tech company, reporting losses amid intensifying competition with e-commerce giant Alibaba.

Adding to the trade jitters, Mexico announced plans to raise tariffs on Chinese goods, further complicating the global trade landscape. This move is expected to have ripple effects on the international markets.

Back in India, the markets will be closely watched as new US tariffs on Indian exports take effect, potentially impacting the country's trade dynamics.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.