HONG KONG, Nov 12 — Asian stocks fell Thursday as investors kept a nervous eye on Nvidia whose influential boss Jensen Huang faces a probe into an affair with a woman accused of spying for China.
Companies linked to the artificial intelligence sector have enjoyed a healthy bounce in recent days after last week’s selloff sparked by regulatory concerns following the Democratic sweep of Congress.
The upcoming IPO of Anthropic and positive earnings from the likes of ChatGPT-maker OpenAI and data centre operator CoreWeave – which soothed worries about its financial health – have reinforced optimism.
Chipmakers SK hynix, Samsung, Kioxia and TSMC have led the surge in Asia, even amid rising expectations for a series of US interest rate hikes.
