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Nvidia closes at -2.01%, having lost almost 13% in the week with the Huang scandal

The stock lost 2.01% in a difficult session and 12.75% for the week, burning over 500 billion dollars in capitalization

Quick Look

Nvidia closes a difficult session on the Nasdaq with a fall of 2.01% after the resignation of CEO Jensen Huang over an extramarital affairs scandal.
The stock lost 12.75% in the week, burning more than $500 billion in stock market value.

AI-generated summary

Why It Matters

Nvidia is a giant in microprocessors for artificial intelligence. CEO Jensen Huang resigned Thursday following an extramarital affairs scandal.

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Nvidia closes another difficult session on the Nasdaq with a fall of 2.01% (from an intraday low to -4%), in the wake of the extramarital affairs scandal that led to the resignation of CEO Jensen Huang on Thursday. The AI microprocessor giant lost 12.75% during the week, sending more than $500 billion of stock market value up in smoke.

What to Watch

AI outlook — possibilities, not facts

Nvidia stock will continue to face downward pressure in the near term
Likely · Within days

Open Questions

Who will replace Jensen Huang at the helm of Nvidia?
What will the long-term consequences be for the company and the AI industry?

Nvidia closes at -2.01%, having lost almost 13% in the week with the Huang scandal

The stock lost 2.01% in a difficult session and 12.75% for the week, burning over 500 billion dollars in capitalization

Quick Look

Nvidia closes a difficult session on the Nasdaq with a fall of 2.01% after the resignation of CEO Jensen Huang over an extramarital affairs scandal.
The stock lost 12.75% in the week, burning more than $500 billion in stock market value.

AI-generated summary