Nvidia’s stock fell nearly 10% as global markets took a hit, fueled by growing concerns about the US economy and weak manufacturing data. Despite the sharp drop, Nvidia’s shares remain twice as valuable as they were a year ago. However, recent reports of slower growth and a potential US Department of Justice investigation have caused investors to worry.

The FTSE 100 and other major European indices also experienced declines, with tech giants like Alphabet, Apple, and Microsoft facing significant losses. In Asia, markets followed the downward trend, with Japan’s Nikkei 225 and South Korea’s Kospi seeing some of the steepest drops.

Investors are now focused on the upcoming US jobs report and the Federal Reserve’s interest rate decision next week. These developments could play a crucial role in shaping the future direction of the markets.