It briefly fell 14% after the market opened, hitting a low of 148.8. Nvidia’s long-awaited shoe finally dropped last night.
The board announced Thursday morning that Jensen Huang had resigned as president, CEO, and director, effective immediately. CFO Kress will serve as interim CEO, and there’s no successor in sight yet.
It closed at 166.19, down 4.34%. From what I’ve seen, most of the intraday panic has subsided, but trading volume was more than five times normal. No one’s pretending nothing happened.
Interestingly, rivals AMD and Broadcom rose instead. Money is already looking for its next home.
The earnings report on the 17th and the closed-door briefing on the 18th are still on. Next Tuesday’s earnings report will be the first chance to see whether the business has been affected.
$BTC doesn’t look good either: it hit a low of 71,100 overnight, a three-month low. $ETH fell below 2,000, then climbed back up.
$BTC #Nvidia
The board announced Thursday morning that Jensen Huang had resigned as president, CEO, and director, effective immediately. CFO Kress will serve as interim CEO, and there’s no successor in sight yet.
It closed at 166.19, down 4.34%. From what I’ve seen, most of the intraday panic has subsided, but trading volume was more than five times normal. No one’s pretending nothing happened.
Interestingly, rivals AMD and Broadcom rose instead. Money is already looking for its next home.
The earnings report on the 17th and the closed-door briefing on the 18th are still on. Next Tuesday’s earnings report will be the first chance to see whether the business has been affected.
$BTC doesn’t look good either: it hit a low of 71,100 overnight, a three-month low. $ETH fell below 2,000, then climbed back up.
$BTC #Nvidia