FTSE 100 Live: Stocks to fall; Nvidia sales double as AI spending booms
Welcome back to the City AM FTSE 100 liveblog. The UK’s blue chip index is set to fall on Thursday morning, according to futures from investment platform IG. The FTSE 100 finished broadly flat on Wednesday’s close, with JD Sports, IG and British American Tobacco among the index’s highest risers. The blue-chip index “was steady [...]
The FTSE 100 is expected to decline at the start of the trading day on Thursday, according to futures from investment platform IG. On Wednesday, the index finished nearly unchanged. JD Sports, IG and British American Tobacco were among the index's top gainers. Despite the overall stability in the blue-chip index, oil prices continued their downward trend, driven by reports of progress towards resolving the Middle East crisis. Brent crude, the global benchmark for oil, slipped by 1.3 percent to above $87 per barrel.
Nvidia, the leading chipmaker, delivered strong results in its second quarter, more than doubling its sales to $96.2 billion. However, the company's 74 percent gross margin guidance, lower than the 75 percent anticipated by markets, led to a sell-off after the market closed.
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