ASX Set for Lower Open After Mixed US Markets; Nvidia Reports Record Revenue

Australian investors are bracing for a subdued start to trading as the ASX 200 futures indicate a slight dip, reflecting a mixed performance on Wall Street. The Dow Jones closed down 0.2 percent, the S&P 500 edged down 0.02 percent, while the Nasdaq Composite managed a modest gain of 0.1 percent.

Amidst the global market fluctuations, technology company Nvidia has posted impressive results, announcing record revenue for its second quarter. This performance highlights the continued demand for AI-driven computing power, a sector where Nvidia holds a dominant position. The company's chips are crucial for developing and operating large AI language models, underscoring its central role in the current AI boom.

Investors will be closely watching the market's reaction to these developments throughout the day. The live blog will offer continuous updates and analysis from ABC News's business reporters, covering key market movements and financial insights. It is important to note that the information provided on the blog is not intended as investment advice.