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Nvidia falls more than 10% in premarket trading after Jensen Huang resigns as CEO

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Nvidia shares fell sharply in premarket trading after Jensen Huang resigned as chief executive, according to Reuters. The stock dropped more than 10% off-hours and Nasdaq 100 futures were down about 1% in Asia. Colette Kress was named interim replacement. The board had met on Wednesday night to assess the situation, days before quarterly results scheduled for November 17. The company is worth close to USD 4 trillion.

In 40 seconds

  • Nvidia fell more than 10% off-hours after the departure of Jensen Huang, who co-founded the company in 1993, was confirmed.
  • Colette Kress took over as interim replacement; Reuters said there is no obvious successor and that Huang owns about 3.6% of the shares.
  • The drop dragged Nasdaq 100 futures down about 1% in Asia, while AMD and Broadcom rose and CoreWeave fell more than 6%.
Read the full story at Infobae

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

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