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Wall Street falls on a new wave of tech selling amid uncertainty over Nvidia's future

FinanceInternationalAmbitoAI summary
Image: Ambito

US stocks struggled to find direction in a week marked by a new wave of tech selling and uncertainty over Nvidia, after Jensen Huang was removed. Colette Kress, until recently chief financial officer, took over as interim CEO and the company hired an outside firm to search for successors, according to Bloomberg News. Nvidia will report quarterly results next week. October PPI rose 0.3% month-on-month and 6.5% year-on-year, below expectations.

In 40 seconds

  • Wall Street fell on a new wave of tech selling amid uncertainty over Nvidia's future.
  • Colette Kress, until recently chief financial officer, took over as Nvidia's interim CEO; the company hired an outside firm to search for Jensen Huang's successors, according to Bloomberg News.
  • US headline PPI rose 0.3% month-on-month in October, versus 1.4% in September, and 6.5% year-on-year, below forecasts.
Read the full story at Ambito

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

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