Asian markets were mixed Thursday after AI powerhouse Nvidia’s quarterly earnings beat expectations, but its shares slipped over worries about the company’s stalled business in China.

Investors had been awaiting the key earnings update from the California-based firm, whose robust growth has largely driven strong gains for tech stocks in recent months.

The AI giant posted a profit of $26.4 billion on record revenue of $46.7 billion in the recently ended quarter, but shares fell in after-market trading as important data centre revenue declined.

The earnings report comes amid market worries about an AI spending bubble that could burst and hurt the chip giant’s fortunes.

“The information feeds into niggling fears of slowing investment in the AI space and lower growth going forward,” Kyle R

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