Nvidia CEO Resignation Sends Wall Street Lower, Rivals Surge

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Wall Street fell Thursday after Nvidia CEO Jensen Huang resigned, shaking investor confidence in the AI industry and sending the S&P 500 down 0.36% to 7,592. Rival chipmakers surged on the news, with Advanced Micro Devices jumping 5.86% and Broadcom gaining 5.54%, while Nvidia shares dropped 4.34%. Gold fell 3.02% and the 10-year Treasury yield rose to 4.98%, reflecting broader market caution. Huang's exit raises questions about Nvidia's strategy and customer relationships, though its technology ecosystem remains strong. Investors now watch its upcoming earnings and face tighter financial conditions as yields approach 5% heading into 2027.


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