Nasdaq NVDA Nvidia

Key PointsNvidia stock is in free fall as CEO Jensen Huang resigns.

Key PointsJensen Huang stepped down as CEO of Nvidia, with CFO Colette Kress taking over in the interim.

Key PointsJensen Huang is viewed as a founding father of artificial intelligence, so whoever replaces him has big shoes to fill.

Wall Street retreated on Thursday, November 12, as the sudden resignation of Nvidia (NASDAQ:NVDA) CEO Jensen Huang rattled investors and raised uncertainty surrounding the artificial intelligence industry. The S&P 500 (SNPINDEX:^GSPC) declined 0.36% to 7,592, while the Nasdaq

Key PointsTaiwan Semiconductor Manufacturing has a virtual monopoly on manufacturing advanced AI chips.

Nvidia (NASDAQ:NVDA), an AI chip designer, closed at $166.19, falling 4.34%. The stock plunged after reports of CEO Jensen Huang's resignation, and investors are awaiting the company's next earnings call, scheduled for Nov. 17.

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While volatility and headline shocks can easily shake weak hands out of the market, the price action and fundamentals ultimately tell the true story.

Key PointsNvidia CEO Jensen Huang resigned as the board of directors considered his future with the company.

Key PointsNvidia has lost $1.9 trillion in market value from its peak amid ongoing scandals with its now former CEO Jensen Huang.

Jensen Huang resigned as Nvidia's (NASDAQ: NVDA) chief executive this morning amid controversies over his personal conduct and questions about whether Nvidia's chips reached China through a customer in Singapore.

Key PointsNvidia's board accepted Jensen Huang's resignation as president, CEO, and director, and named CFO Colette Kress interim CEO while she keeps her regular duties.

Key PointsAI could improve the drug discovery and development process.

Key PointsAMD has been rallying in part due to a strong earnings report and a major CPU deal win with Alphabet

Markets moved higher despite renewed uncertainty in the technology sector following the resignation of Nvidia (NASDAQ:NVDA) CEO Jensen Huang. As of 11:30 a.m. ET, the Dow Jones Industrial Average (DJINDICES:^DJI) led major indexes, gaining 0.29% to 52,641, while the S&P 500 (SNPI

QCOM targets $5 billion in fiscal 2027 data center sales, but customer concentration, margin pressure and heavy investments put its execution to the test.

Key PointsNvidia chief Jensen Huang stepped down following allegations of affairs.

The iShares U.S. Thematic Rotation Active ETF is seeing unusually high volume in afternoon trading Thursday, with over 25.2 million shares traded versus three month average volume of about 795,000. Shares of THRO were up about 0.3% on the day. Components of that ETF with the h

QCOM's automotive and data center growth strengthens diversification, but falling earnings estimates, margin pressure and mixed valuation cloud its buy case.

In early trading on Thursday, shares of Honeywell International topped the list of the day's best performing Dow Jones Industrial Average components, trading up 7.5%. Year to date, Honeywell International registers a 42.2% gain. And the worst performing Dow component thus far