Nvidia tumbles over 12% in pre-market trading after Huang's exit
Nvidia shares plummeted nearly 11% following CEO Jensen Huang's departure amidst growing controversy and investor unease. This shake-up pushed other AI-driven firms like Oracle and Micron Technology to also suffer losses. The dollar surged to a 19-month peak, with the US 10-year Treasury yield hitting 5%. As Nvidia transitions, Colette Kress will hold the interim CEO...
Key Takeaways
- Nvidia shares plummeted nearly 11% following CEO Jensen Huang's departure amidst growing controversy and investor unease.
- This shake-up pushed other AI-driven firms like Oracle and Micron Technology to also suffer losses.
- The dollar surged to a 19-month peak, with the US 10-year Treasury yield hitting 5%.
Nvidia shares plummeted nearly 11% following CEO Jensen Huang's departure amidst growing controversy and investor unease. This shake-up pushed other AI-driven firms like Oracle and Micron Technology to also suffer losses. The dollar surged to a 19-month peak, with the US 10-year Treasury yield hitting 5%. As Nvidia transitions, Colette Kress will hold the interim CEO position, while analysts await the company's forthcoming earnings report for crucial insights.
Original Publisher Attribution
This summary was curated from Times of India.