The FTSE MIB fell 0.7% to close at 42,349 on Wednesday, as investors assessed the latest corporate news and awaited earnings from Nvidia for direction on AI-driven markets. Losses were posted by Intesa Sanpaolo (-2.3%) and Stellantis (-2.8%), the latter pressured by news it would freeze autonomous driving plans. Diasorin slumped 5.8% after J.P. Morgan downgraded the stock to underweight. In the meantime, STMicroelectronics dropped 0.5%, tracking risk-off sentiment for chips ahead of Nvidia's results. On the upside, Ferrari rose 1.2% and Moncler advanced 2.3%, topping the index.