Asian Markets Wobble as AI Stocks Slump on Nvidia CEO Report

Asian markets fluctuated while AI stocks faced pressure following Nvidia's sharp decline, though Wall Street closed higher. European bourses initially cautious but moved toward gains. The selloff was triggered by reports that Nvidia's board may remove CEO Jensen Huang over alleged personal misconduct, including a relationship with a suspected Chinese spy. This uncertainty weighed on the AI sector, with Asian markets negative and Nvidia falling in after-hours trading. In the US, weekly jobless claims drew attention after October inflation exceeded expectations, with over 90% odds of a December rate hike. The ECB noted high uncertainty in eurozone growth. In Milan, Technoprobe and STMicroelectronics fell, while Telecom Italia and Poste Italiane performed well.