Rolling coverage of the latest economic and financial news

Nvidia’s shares are likely to remain under pressure as the spy controversy continues to grip the company, warns Susannah Streeter, chief investment strategist at Wealth Club:

Jensen Huang’s superstar position at the centre of the AI world, courted by world leaders and lauded as a visionary, has been dealt a severe blow given the risks he has courted.

But with no clear succession plan in place, the board for now appears to be standing by their man, given how intrinsically his personality seems woven into Nvidia’s valuation. It will depend on what further revelations come out of investigations and, as they progress, the share price is set to stay under pressure.