World shares are mixed as Nvidia's troubles weigh on AI stocks

Summary

• World shares were mixed on Thursday as concerns over Nvidia's CEO Jensen Huang weighed on AI-related stocks.
• Nvidia shares fell 8.6% in after-hours trading after reports indicated its board met to discuss the CEO's affair with a Chinese woman & national security concerns.
• Huang admitted to a relationship with a businesswoman who reportedly passed intelligence & advanced chips to China.
• The S&P 500 slipped 0.4%, while the Dow Jones Industrial Average remained nearly unchanged.
• European markets rose, with France's CAC 40 up 0.7%, Germany's DAX gaining 1.0%, & Britain's FTSE 100 jumping 0.3%.
• Asian markets declined, with Japan's Nikkei 225 shedding 0.7%, South Korea's KOSPI slipping 0.6%, & Taiwan's Taiex losing 2.6%.
• Hong Kong's Hang Seng fell 1.3%, Shanghai Composite dropped 0.7%, & Australia's S&P/ASX 200 declined nearly 0.1%.
• Investors remain worried about a potential AI industry slowdown & questions regarding the sector's long-term profitability.
• Analysts noted that some investors are buying Nvidia shares at a discount due to uncertainty over Huang's situation.
• Swissquote analyst Ipek Ozkardeskaya stated there is no credible way to calculate precise revenue loss from a CEO departure & emphasized Nvidia's ecosystem advantages remain intact.
• Benchmark U.S. crude rose 0.8% to $87.26 a barrel, while Brent crude increased 0.8% to $93.53 a barrel.
• The U.S. dollar fell to 159.64 Japanese yen, & the euro rose to $1.1095.