The overnight volatility in the US market spilled onto the Indian bourses on Friday with the latter snapping two-day winning streak in early deals. Earlier, Indian stocks were set to extend gains for the third straight session on Friday, indicated Nifty futures, which rose 164 points to 26,234. Advertisement

However, the weakness in Asian stock markets, which emanated from the overnight debacle on US bourses cast a spillover effect on their Indian peers.

The US market was hit by fears of a growing bubble around the artificial intelligence frenzy in less than 24 hours after strong results from chipmaker Nvidia sparked a rally.

Shares of Nvidia have led to an astronomical surge in the valuations of AI-related firms in recent months.

Fears of a bubble in AI related tech stocks have mou

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