ASX to wobble; Australian dollar hits 10-month lows

Résumé détaillé

Shares set for a muted open; Nvidia to report results and Anthropic to list this week; Brent at $US96. Follow markets live here.

Australian shares are set for a cautious start as investors brace for further fallout from Nvidia’s leadership crisis and question the durability of the artificial intelligence boom.

Futures indicate the S&P/ASX 200 will open 2 points lower, following a weak session on Wall Street on Friday. The S&P 500, the Nasdaq 100 and the Philadelphia semiconductor index finished in the red. The soft Australian open would follow three straight weeks of gains, leaving the benchmark 215 points away from a record high set in August.

At the centre of the technology sell-off is Nvidia, whose shares fell 13 per cent last week – marking the sixth straight week of declines. The slump followed the resignation of chief executive Jensen Huang after revelations of an extramarital affair with a businesswoman suspected by the US of spying for China.

The leadership crisis comes at an awkward juncture. Nvidia is due to report its third-quarter results on Tuesday after the market close (Wednesday AEDT).

Début de l'article, extrait de Australian Financial Review. Pour lire la suite, ouvrez l'article chez le média.