(BFM Stock Exchange) – The CAC 40 struggles to straighten its head after two difficult sessions, always penalized by the risk of falling from the Bayrou government. Investors will gradually turn their attention to the results of Nvidia, which will be published this Wednesday after the closing of the market.

The CAC 40 struggles to get out of the ropes. The Parisian index takes 0.42% this Wednesday, August 27, at mid-session, at 7,742.57 points, after dropping more than 3.25% in two days (Monday and Tuesday).

Market operators have always taken the measure of political risk in France since François Bayrou announced that his government is submitted to a vote of trust on September 8. This augurs for a possible if not probable dismissal, many political parties having warned that they would not vote confidence.

“In the current state of things, the government would fall, which would open the way to a new Prime Minister, or even new legislative elections. This has therefore strengthened the existing concerns concerning the deficit of France, and the assets of the country recorded a clear underperformance yesterday (Tuesday)”, explains Deutsche Bank.

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Nvidia the “Apple of AI”

The market will now turn its attention to Nvidia which will publish its results this evening after the closure of Wall Street. The accounts of the specialist in graphic processors are perceived as the great barometer of the good health of artificial intelligence (AI). In recent days, some financial intermediaries have wondered about this theme on the stock market, fearing that current valuations are exaggerated. Some have even mentioned a risk of bubble in AI.

“In the same way that Apple embodied the era of the smartphone, Nvidia has become the symbol of the era of artificial intelligence. Action is now the real pulse on the market: it represents almost 8% of the weighting of the S&P 500, a historic level,” explains Josh Gilbert, market analyst for Etoro.

“Nvidia is perhaps the ‘beating heart’ of the market, but this status is accompanied by a requirement of perfection: the slightest disappointment could trigger high volatility, far beyond the only Nvidia title,” he judges.

On the French values ​​side, LVMH won 1.6%, the highest increase in CAC 40, illustrating the good performance of luxury, the latter sessions, faced with political risk. Hermès took 1.3% and Kering 1.1%.

Veolia decreases by 1%, weighted by Morgan Stanley who lowered her advice to “online weighting” against “overcoming”.

Excluding CAC 40, Sodexo fell by 2.3%. In a note, Jefferies lowered his course target to 47 euros against 49 euros while remaining to “keep”. The bank believes that the collective catering group will continue to display an unwilling dynamic. It rely on growth in comparable data of 3.2%, the bottom of the range given by the group (3%to 4%).

In other markets, the euro drops 0.45% against the dollar at $ 1.159. Oil gives way. The October contract on the Brent de Mer of the North loses 0.25% to 66.52 dollars per barrel while the same maturity on the WTI listed in New York abandons 0.24% to 63.08 Dollars per barrel.