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Nvidia shares fall 7.74% after report that board is discussing possible removal of Jensen Huang

TechnologyInternationalBioBioChileAI summary
Image: BioBioChile

Nvidia shares were falling 7.74% in Thursday's overnight trading to US$160.28, after closing the regular session up 2.92% at US$173.73. Futures were down 6.65%. The decline comes after The Wall Street Journal reported that the board of directors has been discussing since Wednesday night the possible removal of Jensen Huang, co-founder and CEO, over the scandal surrounding him. The company had lost about US$430 billion in market capitalization after the controversy became known.

In 35 seconds

  • Nvidia shares were losing US$13.45 in after-hours trading, down to US$160.28.
  • The company's futures were falling 6.65% around 06:20 New York time.
  • According to The Wall Street Journal, the board has been discussing since Wednesday night the possible removal of Jensen Huang.
Read the full story at BioBioChile

IASummary generated by artificial intelligence from a story by BioBioChile. It may contain errors: the original source prevails.

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