NVIDIA CEO'S DEPARTURE PROVED THAT THE MARKET HATES UNCERTAINTY
જ⁀➴
The biggest name in artificial intelligence stepped back and dragged the sector down with him. Jensen Huang resigned, and Nvidia shares plunged 14.3 percent before recovering some ground.
Chief Financial Officer Colette Kress took over on an interim basis. But the crucial detail is that the panic didn't start today. The board's investigation had already put governance risk on the radar days ago.
Demand remains unchanged, but investors hate not knowing who's in charge. CoreWeave fell more than 8 percent, while AMD and Broadcom rose amid the possible changing of the guard at the top.
The semiconductor index closed down just 0.9 percent after a turbulent start to the day. The big lesson is never to ignore intraday lows and always compare them with the closing price after bombshell news.
$BARD
$PLAY
$DODOX
#chipstocksextendlossesafternvidiaceochange
જ⁀➴
The biggest name in artificial intelligence stepped back and dragged the sector down with him. Jensen Huang resigned, and Nvidia shares plunged 14.3 percent before recovering some ground.
Chief Financial Officer Colette Kress took over on an interim basis. But the crucial detail is that the panic didn't start today. The board's investigation had already put governance risk on the radar days ago.
Demand remains unchanged, but investors hate not knowing who's in charge. CoreWeave fell more than 8 percent, while AMD and Broadcom rose amid the possible changing of the guard at the top.
The semiconductor index closed down just 0.9 percent after a turbulent start to the day. The big lesson is never to ignore intraday lows and always compare them with the closing price after bombshell news.
$BARD
$PLAY
$DODOX
#chipstocksextendlossesafternvidiaceochange
