Nvidia CEO's resignation shakes markets; investors await key data

Global markets were muted Friday after Nvidia CEO Jensen Huang resigned following revelations of extramarital affairs, a major blow to the global AI boom he helped advance. Wall Street futures edged higher, while TSX futures were little changed. UBS analyst Timothy Arcuri said the impact will likely be felt "far and wide," as Huang was a key driving force for Nvidia's investments in AI industry participants. He noted there is likely to be a "pause" in the company's willingness to pursue such deals in the near term. Oil prices steadied, heading for a second weekly decline, while the Canadian dollar weakened against its U.S. counterpart. Investors are also awaiting results from Onex Corp. and Chemtrade Logistics Income Fund, plus U.S. producer price index data.