ASX set to stall as Nvidia, Anthropic put AI boom to the test

Detailed summary

The Australian sharemarket is poised for a flat start on Monday, as investors await Nvidia’s results and Anthropic’s much-awaited listing in the United States.

Australian shares are set for a cautious start as investors brace for further fallout from Nvidia’s leadership crisis and question the durability of the artificial intelligence boom.

Futures indicate the S&P/ASX 200 will open 2 points lower, following a weak session on Wall Street on Friday. The S&P 500, the Nasdaq 100 and the Philadelphia semiconductor index finished in the red. The soft Australian open would follow three straight weeks of gains, leaving the benchmark 215 points away from a record high set in August.

Opening of the article, excerpted from Australian Financial Review. To read the rest, open the article on the publisher's site.