One Turn
Asian stocks mixed as Nvidia worries weigh; Hang Seng falls 2.9%
Asian shares were mixed as investors weighed Huang's exit. Seoul shares fell nearly 1% and the Hang Seng dropped. Nvidia is on its longest weekly losing streak since 2012 and has lost $1.6 trillion in value. SpaceX plans to invest over $74 billion in AI computing in Texas and Arizona.
Why it matters
Nvidia's slide shows how much markets rely on AI.
Background
AI spending has driven markets.
Sources
- Asharq Al-Awsat ↗Nov 13, 1:41 AM ET
- Yonhap ↗Nov 13, 2:34 AM ET
- CNBC ↗Nov 13, 12:51 AM ET
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