The benchmark index hit a record in October but then quickly shed about 7%. And despite a Nvidia-fuelled tech rally, Australia isn’t out of the woods yet
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Global share markets – including in Australia – were plunging before the world’s biggest company, US chip maker Nvidia, reported a soaring profit and upbeat outlook, soothing jittery traders.
Yet the results will spark further discussion on whether the market optimism around artificial intelligence is justified. But is it a bubble getting ready to burst? And why is the Australian stock market affected?
