Global stocks slip as Nvidia surges on AI demand

World shares were mostly lower Thursday following modest losses on Wall Street, while oil prices declined. In premarket trading, Nvidia’s shares jumped 7.2% after its quarterly earnings beat expectations on strong AI chip demand. China reported industrial profit growth slowed to 11.2% in July, down from 15.1% in June. Revised U.S. data showed the economy grew at a 1.5% annual pace in the April-June period. European indexes mostly fell, with Britain’s FTSE 100 down 0.5% and France’s CAC 40 off 0.8%, while Germany’s DAX rose slightly. Asian markets were mixed, with South Korea’s Kospi up 1.5% but Tokyo’s Nikkei slipping 0.2%. Meta Platforms rose after agreeing to pay up to $18 billion to settle teen social media addiction claims.