By Timothy Moore
Publication Date: 2026-02-26 17:30:00
Australian shares look set to open slightly lower, hit by a sell-off in New York as even Nvidia’s blockbuster quarterly results failed to offset fears that AI is facing further disruption.
ASX 200 futures fell 11 points, or 0.1 per cent, to 9129 around 4.15am AEDT. The S&P 500 slipped 1 percent at 12:15 p.m. in New York, driven by losses in information technology and communications services. Nvidia fell by more than 4 percent. Broadcom, ASML and AMD were also lower.
“The fact that Nvidia just posted quarterly revenue of $68.1 billion but markets remain unimpressed is telling,” said Adam Kobeissi, who publishes the Kobeissi letter. “Nvidia’s free cash flow increased by nearly $20 billion year-over-year and the company exceeded nearly all expectations.”
“Because the expectations are so high that it becomes difficult to impress,” Kobeissi said in a post
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