US Neocloud Stocks Fall Up to 16% After Huang Resigns as Nvidia CEO
Nebius led losses in early US trading as investors assessed the implications of Jensen Huang's resignation from Nvidia.
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03:24:53 PM UTC
SquawkNews
Shares of Nebius Group are sliding further after the resignation of Nvidia Chief Executive Jensen Huang. The stock was initially down about 12% in premarket trading after the Dutch AI cloud company lowered its full-year outlook. Shares fell further after Nvidia announced Huang's resignation, and we…
Shares of major neocloud companies fell in early US trade on Thursday following Nvidia CEO Jensen Huang's resignation, as investors assessed the implications of the leadership change at the world's leading AI chipmaker.Neocloud companies, which rely heavily on Nvidia's graphics processing units (GP…