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Nvidia falls on the stock market as its board weighs Jensen Huang's future

TechnologyInternationalBolsamaniaAI summary
Image: Bolsamania

Nvidia is falling more than 5% in Wall Street premarket trading after it emerged that its board of directors met to decide on Jensen Huang's continuity as CEO. According to The Wall Street Journal, the board is preparing a possible dismissal, and Reuters confirmed the meeting citing a source. The board launched an independent investigation with law firm Wachtell, Lipton, Rosen & Katz into spying allegations for China linked to a relationship involving the executive. The company reports results next week.

In 40 seconds

  • Nvidia shares fall more than 5% in premarket trading after a 2.87% gain the previous day
  • The board met on Wednesday night to discuss Jensen Huang's future and no final decision has been announced
  • The board hired Wachtell, Lipton, Rosen & Katz to investigate the spying allegations for China
Read the full story at Bolsamania

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

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