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Espionage scandal hits Nvidia… Nasdaq retreats as small caps steal the gains!
+1.02% XAG/USD
+0.59%
Nvidia shares fell nearly 5% in premarket trading on Monday morning, to $177.29 (-9.35) at around 11:21 a.m. Saudi time, compared with Friday’s close of $186.64, after its board announced an independent investigation into CEO Jensen Huang’s relationship with a woman whom U.S. intelligence agencies suspect of being a Chinese spy. The stock fell 6% in Tradegate trading, according to Bloomberg, and more than 5% in premarket trading, according to Reuters. But Nasdaq 100 futures fell just 0.59%, while Russell 2000 small-cap futures rose 0.72% and Dow futures gained 0.50%. Will the fallout be limited to Nvidia, or will it spread across the entire tech sector?#NvidiaInvestigatesAfterHuang’sAffairApology #BitcoinFiveWeeklyLosses #SouthKoreaSupremeCourtClarifiesVirtualAssetSeizureRules #EthereumSpotETFsPost$365MWeeklyOutflow #TradFiForBeginners
Espionage scandal hits Nvidia… Nasdaq retreats as small caps steal the gains!
+1.02% XAG/USD
+0.59%
Nvidia shares fell nearly 5% in premarket trading on Monday morning, to $177.29 (-9.35) at around 11:21 a.m. Saudi time, compared with Friday’s close of $186.64, after its board announced an independent investigation into CEO Jensen Huang’s relationship with a woman whom U.S. intelligence agencies suspect of being a Chinese spy. The stock fell 6% in Tradegate trading, according to Bloomberg, and more than 5% in premarket trading, according to Reuters. But Nasdaq 100 futures fell just 0.59%, while Russell 2000 small-cap futures rose 0.72% and Dow futures gained 0.50%. Will the fallout be limited to Nvidia, or will it spread across the entire tech sector?#NvidiaInvestigatesAfterHuang’sAffairApology #BitcoinFiveWeeklyLosses #SouthKoreaSupremeCourtClarifiesVirtualAssetSeizureRules #EthereumSpotETFsPost$365MWeeklyOutflow #TradFiForBeginners
