BusinessTimes of India
Nvidia tumbles over 12% in pre-market trading after Huang's exit
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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.
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