Wall Street rebounds: Nasdaq rises 2.6% despite Nvidia's slide over investigation into its CEO
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.
IASummary generated by artificial intelligence from a story by Yahoo Finance. It may contain errors: the original source prevails.



Comments
Be respectful. Comments reported by several people are hidden until a moderator reviews them.
You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.