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STOCK MARKETS SLUMP AS TRADE RISKS LOOM OVER NVIDIA

U.S. stock index futures slipped on Tuesday as investors digested fresh tariff comments from President Donald Trump and Nvidia dropped 1.5% ahead of its results, weighing down chip companies and megacaps. The report that the U.S. was planning to further restrict Nvidia's exports to China without a license added to the concerns, with other semiconductor stocks also falling. Investors are now questioning the industry's hefty spending on AI as low-cost competition from China's DeepSeek rattled markets in January.

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