Asian shares decline as investors assess impact of Nvidia’s fallout on global AI development
Asian shares mostly declined Friday as investors assess what Jensen Huang’s resignation as Nvidia CEO means for the global artificial intelligence industry.
US futures edged lower following earlier losses on Wall Street, which saw Nvidia falling more than 4% after Huang’s exit from the company.
Japan’s Nikkei 225 rose 0.5% to 61,142.35. Shares of chip equipment maker Tokyo Electron were up 1.7%, while memory maker Kioxia Holdings dropped 2.3% and OpenAI investor SoftBank Group lost 5.1%.
