Markets decline as Nvidia shares drop nearly 10%.

Share prices in Asian and US markets have plummeted amid rising fears that the world's largest economy may be on the brink of a recession. 

Recent data revealed that US manufacturing activity continues to lag, shifting investors' attention to key employment figures expected on Friday.

 

Nvidia, the American chip giant, suffered a significant blow, with its shares falling nearly 10% as enthusiasm surrounding the AI boom waned. This drop followed the US government's issuance of subpoenas to Nvidia and other companies as part of an ongoing investigation into AI practices.

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