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via finance.yahoo.comMarkets

Nvidia Without Huang: What a Pause in AI Deals Means for Metals

FROM THE WIRE · FINANCE.YAHOO.COM

Copper slid to its lowest in almost four months on Friday and was heading for a fifth straight weekly loss, with traders blaming Nvidia's (Nasdaq: NVDA) loss of Jensen Huang for the latest leg down. The exit is a convenient culprit, but the slide started before it. Copper has…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishJensen Huang's resignation from Nvidia and falling copper weigh on AI-linked stocks and industrial metals.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Copper hit its lowest in almost four months and is heading for a fifth straight weekly loss.
  2. 02Three-month copper on the LME was down 0.5% at $13,519 a metric ton.
  3. 03Nvidia said Huang resigned Thursday as president.
  4. 04A Panmure Liberum analyst said copper demand and prices come under pressure when AI takes a hit.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
NVIDIA CorporationNVDAStock162.85 USDMarket closedtoday -2.01%Negative CopperCOMMODITY:COPPERCommodity6.09 USDMarket closedtoday -1.70%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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