Morgans AM - Wednesday 20 August 2025

Major technology companies led declines on US equity markets overnight - Dow inched +10-points or +0.02% higher to 44,922.27, touching a fresh record intra-day high (45,207.39). Nvidia Corp (down -3.50%) and Boeing Co (-3.19%) both fell over >3%. Reuters reported that Nvidia could look to deliver samples of a new artificial intelligence (AI) chip, entatively known as the B30A, to Chinese clients for testing as early as next month. Separately, there were reports that Chief Executive Officer (CEO) Jensen Huang sold 150,000 shares in the AI semiconductor giant.