11:59 am today
Nvidia, the world's largest listed company and a critical bellwether on the health of the AI sector, posted record first-quarter earnings on Thursday of more than NZ$136 billion.
That's up 85 percent on a year ago, with forecasts for the next quarter of over NZ$153 billion.
The world's leading maker of AI computer chips is currently valued at around NZ$10 trillion and is so big that it makes up 7 to 8 percent of the S&P 500 Wall Street stock index.
Investment director at Craigs Investment Partners Mark Lister says most KiwiSaver funds invest in US stocks and will therefore be very exposed to the fortunes of Nvidia.
