Nvidia CEO Exit Shakes Asian and Global Markets, AI Sector on Edge
European markets opened with uncertainty Friday following Nvidia CEO Jensen Huang's resignation, which triggered concerns across the AI supply chain and raised fears about US-China trade tensions ahead of a January deadline. Huang's departure, with Colette Kress named interim CEO, stems from his alleged relationship with a suspected Chinese spy, potentially jeopardizing the US-China trade truce. European indices including Milan's FTSE MIB, Paris's CAC 40, and Frankfurt's DAX 40 traded cautiously, while tech stocks like Technoprobe and STMicroelectronics fell. Oil prices rose, boosting energy stocks such as Eni and Tenaris, while the euro weakened to $1.106, its lowest level in 2026, amid expectations of tighter US monetary policy. Investors also awaited S&P's rating decision on Italy, expected to confirm "BBB+" with a positive outlook.