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ITBad weather, red alert in Tuscany: rivers flooded, schools closed and displaced people. LIVEARThe resignation of the head of “NVIDIA” exacerbates the losses of artificial intelligence stocks globallyCRYPTO-ENBitcoin plunges to $71k as Jensen Huang abruptly resigns sending Nvidia into $2 trillion wipeoutARNvidia CEO resigns amid allegations of second affairKRControversy over Choi Min-hee's impeachment remarks amidst the Shincheonji conflict... 'Choi Min-hee inspection'... A new phase of conflict between the old factionsGLOBALAnalysis: Jensen Huang’s exit tests Nvidia’s role as the ‘central bank of AI’ESAt least one dead by a shooter who has not been arrested and who shot five people in a neighborhood near the White HouseINTLBrooklyn building collapse kills at least eight and injures 17 as search continuesCNHuang Renxun steps down to set fire to technology stocks! Nasdaq fell in response, TSMC ADR face greenFRThree schools targeted by false bomb threats Thursday morningITBad weather, red alert in Tuscany: rivers flooded, schools closed and displaced people. LIVEARThe resignation of the head of “NVIDIA” exacerbates the losses of artificial intelligence stocks globallyCRYPTO-ENBitcoin plunges to $71k as Jensen Huang abruptly resigns sending Nvidia into $2 trillion wipeoutARNvidia CEO resigns amid allegations of second affairKRControversy over Choi Min-hee's impeachment remarks amidst the Shincheonji conflict... 'Choi Min-hee inspection'... A new phase of conflict between the old factionsGLOBALAnalysis: Jensen Huang’s exit tests Nvidia’s role as the ‘central bank of AI’ESAt least one dead by a shooter who has not been arrested and who shot five people in a neighborhood near the White HouseINTLBrooklyn building collapse kills at least eight and injures 17 as search continuesCNHuang Renxun steps down to set fire to technology stocks! Nasdaq fell in response, TSMC ADR face greenFRThree schools targeted by false bomb threats Thursday morning
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BackHuang Renxun steps down to set fire to technology stocks! Nasdaq fell in response, TSMC ADR face green
Huang Renxun steps down to set fire to technology stocks! Nasdaq fell in response, TSMC ADR face green
BREAKING
自由时报14 minutes agoBusiness1 min readChinaView original

Huang Renxun steps down to set fire to technology stocks! Nasdaq fell in response, TSMC ADR face green

HuidaJen-Hsun HuangUS stocks

Quick Look

  • Huida CEO Jen-Hsun Huang announced his resignation on the 12th and was temporarily replaced by Chief Financial Officer Claire.
  • This caused Huida's stock price to plummet by more than 10%, dragging down the Nasdaq index to fall by more than 300 points in early trading, and the Philadelphia Semiconductor Index also fell significantly.

AI-generated summary

Why It Matters

Huida CEO Huang Renxun announced his resignation, and Chief Financial Officer Kelis took over as acting CEO.

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Huida CEO Huang Renxun announced his resignation on the 12th, causing Huida's stock price to plummet. Nasdaq, which mainly focuses on technology stocks, fell more than 300 points in early trading. Philadelphia Semiconductor also fell more than 100 points. TSMC's ADRs were weak. Huida fell more than 10%. Huida's competitor AMD bucked the trend and became popular.

After Huida announced the resignation of Jen-Hsun Huang and appointed Chief Financial Officer Colette Kress as acting CEO, selling pressure emerged in Huida, with its stock price falling more than 10% in early trading. TSMC ADR fell in response, Intel fell 2.4% intraday, Micron fell 2.3%, and AMD bucked the trend, rising 1.1% in early trading.

Most AI stocks performed poorly in early trading, dragging down the trend of U.S. stocks dominated by technology stocks. At 22:40 on the evening of the 12th, Taipei time, the Nasdaq fell 314 points, the S&P 500 index fell 52 points, and Philadelphia Semiconductor fell 130 points. As for the Dow Jones, it was not affected, rising slightly by 20 points in early trading.

Open Questions

  • What is the specific reason for Huang Renxun's resignation?
  • What is Huida’s long-term succession plan for the future?

Related Topics

Huida
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This article was originally published by 自由时报.

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