Nvidia Plunges Almost 10% on Reports Board May Oust CEO
Nvidia shares fell almost 10% overnight after reports that its board may oust CEO Jensen Huang. No formal announcement has been made.
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11:43:26 AM UTC
SquawkNews
By George GloverStock futures were tumbling on Thursday as reports of a leadership crisis at chip maker Nvidia dented the rest of the artificial-intelligence trade.Nvidia dropped 6.8%. The company's board is preparing to oust CEO Jensen Huang over two extramarital affairs, The Wall Street Journal r…
By Mike DolanJust when tech stocks looked to be finding their feet again, chip behemoth Nvidia plunged almost 10% overnight on reports its board may now oust troubled CEO Jensen Huang.The board met late on Wednesday and although there has been no formal announcement yet, the Wall Street Journal rep…