Live: Wall Street roars despite Nvidia spy slump, ASX set to rise
Wall Street indices have leapt despite a spy scandal at Nvidia, the world's most valuable company.
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Nvidia spy scandal: hot chips and illicit affairs
By Daniel Ziffer
By Daniel Ziffer
Bombshell story from yesterday, still dominating world news.
Nvidia, the company at the centre of the global AI build-out, has launched an independent investigation after reports its CEO Jensen Huang was allegedly targeted by a Chinese intelligence operation.
That's one way of putting it, with the CEO admitting he had an affair outside of his marriage.
What could the allegations, and the investigation now underway, mean for one of the world’s most valuable companies?
Carrington Clarke and ABC Business reporter Stephanie Chalmers break it all down on the most recent episode of Business Daily.
Overnight Nvidia shares fell 5.2% to $177.09 in the wake of the scandal.
Market snapshot
By Daniel Ziffer
By Daniel Ziffer
ASX 200 futures: +1% to 9,135 points
Australian dollar: flat at 69.26 US cents
Dow Jones: +2.4% to 52,502 points
S&P 500: +2.5% to 7,562 points
Nasdaq: +2.8% to 25,282 points
FTSE: +1% to 10,782 points
EuroStoxx: +1.2% to 656 points
Spot gold: +1.7% to $US4,145/ounce
Brent crude: -6.7% to $US91.65/barrel
Iron ore: flat $US92.71/tonne
Bitcoin: +0.1% to $US74,825
Prices current around 7:15am AEDT.
Live updates on the major ASX indices:
Key Event
Let's get cracking
By Daniel Ziffer
By Daniel Ziffer
Hello, I'm Daniel Ziffer from the ABC business team and I'll be taking you through the morning on our business, finance and economics blog.
Overnight, Wall Street indices roared.
The blue-chip Dow Jones of 30 mega-companies like Boeing and Visa was +2.4% to 52,502 points.
The broader S&P 500 that covers 500 of the largest listed companies in the US +2.5% to 7,562 points.
The tech-heavy Nasdaq was +2.8% to 25,282 points.
That's despite a Nvidia shares falling 5.2% to $177.09 in the wake of the spy scandal engulfing the CEO Jensen Huang.
These numbers are live, and trading is continuing, we’ll update you when there’s a firm closing price.
Our market is set to follow the US lead with the ASX 200 futures index tipping a lift of +1% or 87 points to 9,135 points.
There’s lots to get to, all of it news, analysis and information and none of it financial advice.
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