Australian shares are poised to rise. In New York, equities hovered near record highs even as Nvidia and other semiconductor stocks extended their sell-off. The Dow was higher, paced by Amgen, Chevron and Goldman Sachs. The S&P 500 slipped 0.3 per cent. The Nasdaq Composite shed 1.1 per cent.

Nvidia 6.7 per cent, dragging its market cap to $US2.91 trillion as more investors cashed out after its stunning surge year-to-date. Shares in Nvidia have tumbled 13 per cent in three sessions.