Asia markets are mixed after tech stocks lift Nasdaq to record highs

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Investors in Asia will be watching for any spillover to companies in Nvidia’s value chain, such as Taiwan’s TSMC and Foxconn.

This is CNBC's live blog covering Asia-Pacific markets.Several Wall Street firms also increased their price target on the AI darling ahead of its earnings report, suggesting shares could gain as much as 30% from their current levels.Investors in Asia will be watching for any spillover effect on companies up and down Nvidia's value chain, such as Taiwan's— CNBC's Lisa Kailai Han and Hakyung Kim contributed to this report.

Those tariffs will benefit the U.S. battery supply chain, where demand is expected to grow at a compound annual growth rate of 25% to 30%, according to Bernstein in a May 13 note.Shares of a global video game developer are currently being overlooked by the market and are up for grabs at a"very cheap" price, according to Schroders fund manager Vera German.

"Commodity prices remain the biggest 'risk to the bull' in the U.S. this year," McCourt told clients in a Sunday note. "The timetable isn't five years anymore," the 68-year-old chief executive said during the bank's annual investor day. The comments, reported byThere are multiple potential successors, with the next CEO expected to come from within. JPMorgan shares were off 2.5% in afternoon trading.Federal Reserve Vice Chair Philip Jefferson on Monday emphasized that inflation is not cooling quickly enough to warrant interest rate reductions.

 

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