Before the Bell: Nvidia fails to quell AI angst

Australian shares are set to open modestly higher, with futures reversing earlier losses after New York pared its losses late. Still, both the S&P 500 and the Nasdaq ended lower as Nvidia’s blockbuster quarterly results failed to offset concerns AI is poised for further disruption.

Oil gave up all its earlier gains after the US and Iran agreed to extend their talks into next week after a third round of negotiations in Geneva on Thursday (Friday AEDT).

Source: https://www.afr.com/markets/equity-markets/asx-to-slip-nvidia-dives-as-ai-spending-angst-persists-20260227-p5o5wl