Nvidia earnings boost global markets as NZ sharemarket closes up

Nvidia’s quarterly result beat expectations and lifted sentiment across the NZ sharemarket. (Image: Getty)

Thu, 20 Nov 2025

The New Zealand sharemarket reversed Wednesday’s losses and closed higher, with My Food Bag rallying on a positive half-year result while a2 Milk faltered after its annual shareholder meeting.But all attention was overseas with Nvidia, after the company posted above-expected earnings, defying predictions of an AI bubble.The S&P/NZX 50 Index closed up 0.84% or 112.50 points to 13,439.40 after 30.1 million shares worth $117.9m were traded.The S&P/NZX 20 index was up 0.83%, closing at 7,682.31 points, while the S&P/NZX 10 index e...

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