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ASX to rise, Nvidia hammered in AI meltdown; bitcoin tumbles

ASX futures were poised for a modest rise on Tuesday as investor concern around a cheaper artificial intelligence model developed in China sent shares in global AI companies in to meltdown.

ASX futures see-sawed on Tuesday morning after slipping overnight. Futures were 0.1 per cent, or 5 points, higher at 8.25am. The Australian dollar was flat at US62.93, even as the US currency slumped.

Source: https://www.afr.com/markets/equity-markets/asx-to-fall-nvidia-hammered-in-deepseek-triggered-sell-off-20250128-p5l7lo