Asian Shares Are Mixed as Investors Assess Impact of Nvidia's Fallout on Global AI Development
Investors weighed Nvidia's leadership shake-up as the company fell more than 4% and AMD rose 5.9%, while Asian chip stocks traded unevenly.
- Nvidia CEO Huang resigned Thursday after an affair raised national security concerns, causing shares to fall more than 4% on Wall Street, with longtime chief financial officer Colette Kress stepping in as interim CEO.
- Many AI hardware stocks across Asia have been highly dependent on the speed of AI infrastructure development in the U.S., amplifying regional market volatility from the leadership change at Nvidia.
- Japan's Nikkei 225 rose 0.8% while South Korea's Kospi index declined 0.5%, with Samsung Electronics down 0.7% and memory chipmaker SK Hynix falling 2%.
- Shares of chip equipment maker Tokyo Electron rose 1.5%, while memory maker Kioxia Holdings dropped 2.5% and OpenAI investor SoftBank Group lost 5.2%; Advanced Micro Devices gained 5.9%.
- Stocks faced broad pressure from rising oil prices after President Donald Trump said Thursday the government did not "need a deal with Iran" amid Middle East conflict, with Benchmark crude down 0.4% to $88.41.
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19 Articles
Asian shares are mixed as investors assess impact of Nvidia’s fallout on global AI development – WTOP News
HONG KONG (AP) — Asian shares were mixed Friday as investors assess what Jensen Huang’s resignation as Nvidia CEO means for the global artificial intelligence industry. U.S. futures edged higher despite earlier losses on Wall Street, which saw Nvidia falling more than 4% after Huang’s exit from the company. Japan’s Nikkei 225 rose 0.8% to...
Asian shares are mixed as investors assess impact of Nvidia's fal
HONG KONG (AP) — Asian shares were mixed Friday as investors assess what Jensen Huang’s resignation as Nvidia CEO means for the global artificial intelligence industry. U.S. futures edged higher despite earlier losses on Wall Street, which
The Toronto Star
Asian shares are mixed as investors assess impact of Nvidia’s fallout on global AI development
HONG KONG (AP) — Asian shares were mixed Friday as investors assess what Jensen Huang’s resignation as Nvidia CEO means for the global artificial intelligence industry.
The Chinese stock market shows fluctuations with falls in Hong Kong and Shenzhen, while Shanghai remains stable after opening.The resignation of Nvidia's leader, linked to a scandal, generates uncertainty in the technology sector and attention to national security.
Nvidia shares fell, with Asian stock markets trying to recover losses from the previous days on Friday.
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