The utilities sector was the biggest gainer, while discretionaries lost the most ground. -AAP Image
The local share market has finished basically flat, with stellar earnings from the world's leading AI chipmaker failing to lift sentiment.Â
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The benchmark S&P/ASX200 index on Thursday finished up 2.8 points, or 0.04 per cent, to 7,611.2, while the broader All Ordinaries fell 5.3 points, or 0.07 per cent, to 7,865.3.
On Wall Street, Nividia smashed expectations by reporting fourth-quarter revenue of $US22.1 billion, up 22 per cent from three months ago and 265 per cent from a year ago.
Analysts were using words like "insane" to describe the earnings beat from what Goldman Sachs called the most important stock on the planet.
IG markets analyst Tony Sycamore said the ASX's sideways move laid bare the contrast between the ASX200 and its large concentration of dowdy yet "reliable" financial and resource stocks and the new world of AI and tech companies.
Meanwhile, in the currency market, the Australian dollar was buying 65.60 US cents, from 65.69 US cents at Wednesday's close.