Asian stocks mixed as Nvidia drop hits AI-linked shares
In short
Nasdaq 100 futures fell more than 1% and S&P 500 contracts lost 0.5% after Nvidia dropped about 10% in late trading. The report said Nvidia’s board is meeting about Huang’s future.
The slide hit AI-linked shares and helped leave Asian stocks mixed. Investors are reacting to the sharp move in Nvidia.
What the reporting says
Nasdaq 100 futures fell more than 1% and S&P 500 contracts lost 0.5% after Nvidia tumbled about 10% in late trading, according to a publisher-supplied market summary. The report said Nvidia’s board is meeting to discuss Huang’s future after he admitted to an affair with a woman US officials reportedly believe is a Chinese spy. The slump weighed on AI-linked shares and kept Asian stocks mixed.
Why it matters
Markets weakened after Nvidia fell about 10% in late trading, pulling Nasdaq 100 futures down more than 1% and S&P 500 contracts down 0.5%. The move pressured AI-linked shares and contributed to mixed trading in Asia.