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Global stocks dragged down by AI insecurity, but oil companies stay on the up – The Irish Times

Global stocks dragged down by AI insecurity, but oil companies stay on the up – The Irish Times

Global shares were largely dragged down by a drop in trading confidence for artificial intelligence-linked companies, carrying on the fallout of the resignation of Nvidia ex-chief executive Jensen Huang. The energy market, however, saw stronger returns as supply insecurity caused by war in the Gulf drove oil prices higher.

Dublin

The Iseq All-Share index decreased 0.24 per cent on Friday to close at 14,976.07.

Typical Iseq high-flyer Ryanair saw its share price descend 0.39 per cent to close at €25.70 per share, coming back down to earth after continuous day-on-day growth in share price last week after the airline’s chief executive signalled an expansion of the company next year.

Bank of Ireland ended the trading week in the red, too,…

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