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The Guardian - AU
The Guardian - AU
National
Jonathan Barrett Business editor

Fear of an AI bubble, falls in ASX share prices and rates jitters – what’s going on with the Australian market?

ASX share price display
The Australian share market has been led by Wall Street, where there are concerns the AI-fuelled run by technology stocks may have gone too far, too fast. Photograph: David Gray/AFP/Getty Images

Global share markets – including in Australia – were plunging before the world’s biggest company, US chip maker Nvidia, reported a soaring profit and upbeat outlook, soothing jittery traders.

Yet the results will spark further discussion on whether the market optimism around artificial intelligence is justified. But is it a bubble getting ready to burst? And why is the Australian stock market affected?

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