AI-related concerns continue to weigh on markets as investors assess the potential impact on traditional business models, including software companies. These concerns have spread to private credit markets, which play a critical role in financing non-public software companies, contributing to broader market unease. Nvidia Inc. reported earnings on Wednesday that exceeded expectations, but the results were not sufficient to restore investor confidence. Meanwhile, inconclusive negotiations between the U.S. and Iran added to geopolitical uncertainty, further weighing on market sentiment.