All Ordinaries sees solid trading while Nvidia's value plummets by $650 billion in three days

Well, it turned out to be a surprisingly strong day for the markets after shares of Commonwealth Bank hit a new record high and that helped drive the all orders up by 1.3% to its highest level in two weeks. Maya shares jumped again after yesterday's announcement that it will take over just jeans, Portmans and other retail brands owned by Premier Investments. And another standout was Collins Foods, which owns KFC and Taco Bell franchises across the country. Its full year profit surge by a finger licking good 500%. As consumers have been spending big on fast food despite the overall mood being incredibly gloomy. Although there was a slight pick up in consumer sentiment this month, cost of living pressures are making people feel as pessimistic as they were during COVID lockdowns and the global financial crisis, which suggests retail spending and economic growth could be pretty disappointing in the months ahead. Overseas, most share markets went up, except for Wall Street. That's after shares of the AI chipmaker NVIDIA. NVIDIA plunged 13 percent, or $646 billion, in just three days. It seems investors had a bit of a rethink after watching NVIDIA briefly overtake Apple and Microsoft as the world's most valuable company, so they cashed out while they were still ahead. Despite that, NVIDIA shares are still up by a whopping 150% since the year began. Meanwhile, iron ore fell while gold and oil rose, and the Aussie dollar is buying 66.6 US cents. And that's finance.