Asian technology shares ride high on AI optimism after Nvidia’s ‘stunning’ results – business live

Investors breathe sigh of relief after AI bellwether Nvidia reports doubling in quarterly revenue to nearly $100bn More on Shein . The company, which sells £5 dresses and £11-£15 jeans, is set to price its initial public offering (IPO) at HK$48.56 a share, near the midpoint of its HK$47.60 ⁠to HK$49.50 range, Reuters reported. The ​IPO will value the company ‌at about a quarter of its ‌nearly $100bn peak in 2022, and well below the $66bn it was valued at in a 2023 ‌fundraising round. Continue reading...