Closing Bell: ASX coughs up a loss as miners ruin the party

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Wall Street partied, miners threw up on the carpet and the ASX quietly slipped out the back. ... Read More The post Closing Bell: ASX coughs up a loss as miners ruin the party…

“To be fair, I don't think it was the nine beers and 14 proseccos. Must've been that last canapé…” Pic: Getty Images

After some back-to-back wins, the ASX coughed up a loss on Thursday, slipping 0.07% as miners got kicked around and tech did its best to stop things getting uglier.

Wall Street actually had a belter overnight, with the S&P 500 up 1.4% and the Nasdaq 1.8% as CoreWeave went bananas and everyone decided AI was fine again.

By Sydney lunch, though, Nvidia had found a new way to become the story.

As Eddy noted over a kransky dog with cheese, sauce and onion and a can of Sunkist at lunch…

Then Nvidia boss Jensen Huang went and turned the whole lovefest into a soap opera.

Nvidia shares plunged 9% after hours on reports its board was considering giving him the boot over, not one, but two alleged extramarital affairs.

One reportedly involved a suspected Chinese spy, while the latest allegedly involved Nvidia executive Kimberly Powell, who reports to Huang.

Back here, Xero (ASX:XRO) jumped more than 10% after lifting revenue guidance and unveiling a $1bn buyback.

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