Global Stocks Slip as Nvidia CEO Exit Sparks AI Sector Jitters

Global stocks fell in most European and Asian markets on Friday, though losses were limited, as investors assessed the impact of Jensen Huang's resignation from Nvidia on the artificial intelligence sector. US producer prices rose again in October, posting their largest annual increase in four years, reinforcing expectations that the Federal Reserve may continue raising interest rates after a widely expected hike next month. The Producer Price Index rose 0.3 percent last month, following a sharp 1.4 percent increase in September, according to data from the Bureau of Labor Statistics. European funds led global equity fund inflows in the week ending November 11, benefiting from strong corporate earnings and lower crude oil prices, despite a sell-off in US technology stocks. The Stoxx 600 index hit a record high on Thursday, supported by strong results from UniCredit and optimistic profit margin forecasts from Siemens Energy.