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Wall Street rebounds: Nasdaq rises 2.6% despite Nvidia's slide over investigation into its CEO

FinanceInternationalYahoo FinanceAI summary
Image: Yahoo Finance

US stocks rose on Monday after the previous week's losses: the Dow Jones gained 1.7%, the S&P 500 added 2.1% and the Nasdaq Composite climbed 2.6%. Focus stayed on the artificial intelligence trade after Nvidia's board opened an independent investigation into CEO Jensen Huang, who admitted to an extramarital affair in a memo. Nvidia fell as much as 8% during the session, while other chip names such as AMD, Micron and ASML rose and Alphabet unveiled two new TPUs.

In 40 seconds

  • Dow +1.7%, S&P 500 +2.1% and Nasdaq +2.6% in a rebound session after the prior week's declines.
  • Nvidia's board opened an independent investigation into CEO Jensen Huang, who admitted to an extramarital affair in a memo to employees.
  • Nvidia fell as much as 8% on Monday, while AMD, Micron and ASML rose and Alphabet announced two new TPU chips.
Read the full story at Yahoo Finance

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

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