A Drop for Nvidia’s Stock Weighs on the US Market, While Oil Prices Swing
Nvidia's 9.7% decline followed Jensen Huang's resignation over an investigation into his personal relationships, triggering broader selloffs across the artificial intelligence sector.
- Nvidia shares sank 9.7% on Thursday following the resignation of CEO and co-founder Jensen Huang. The board appointed Chief Financial Officer Colette Kress as interim CEO.
- Huang's resignation follows a board investigation into his relationship with a woman suspected of being a Chinese government agent. Nvidia's stock had already dropped 27% since the probe was announced.
- The weakness in Nvidia dragged the Nasdaq composite down 0.9%, with CoreWeave falling 10.9% and Micron Technology dropping 3.1%. Broadcom rose 5.2% and Advanced Micro Devices added 2%.
- President Donald Trump said he is "no longer interested in a deal with Iran," briefly sending oil prices higher and Treasury yields to 5.03% from 4.98% late Tuesday.
- Investors question how Nvidia will navigate the future without Huang, though the company remains central to the AI boom after soaring 1,722% over four years.
42 Articles
42 Articles
Jensen Huang's latest scandal is shaking up the stock markets today, leading to the company's CEO being fired. European stock markets have proven resilient to the news for a while, with the DAX even hitting a new high in the morning led by the good news from Siemens, but the momentum has run out by the afternoon. The US stock market is starting the day with a drop, with Nvidia's share price falling, dragging the Nasdaq index with it. At home, th…
AI giant Nvidia CEO Jensen Huang resigns after two infidelity scandals. Now the company is collapsing on the stock market. At the opening, the stock fell sharply – by 10 percent.
(Seoul = Yonhap News) Reporter Yoon Jung-won, Yonhap Infomax = The three major stock indices of the New York stock market opened mixed as they digested the news of NVIDIA CEO Jensen Huang's resignation...
Cherokee Tribune Ledger News
A drop for Nvidia's stock weighs on the US market, while oil prices swing
A drop for Nvidia’s stock is pulling the U.S. market lower, threatening to upend the AI boom that carried Wall Street to records in recent years. The S&P 500 fell 0.6% Thursday. The Nasdaq composite dropped 0.9%, but the Dow…
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