Nvidia Stock Falls 4% After CEO Jensen Huang Resigns

Nvidia's stock fell over 4 percent Thursday after CEO Jensen Huang resigned, erasing nearly $1 trillion from the company's market value this month, though the broader market rose slightly. Shares dropped as much as 14 percent in morning trading before paring losses as investor fears about the company's future without Huang eased. Nvidia's chips are central to the A.I. economy, and its finances are deeply intertwined with A.I. labs and neoclouds. "This is an Nvidia problem before it is an A.I. problem," said Mark Malek, chief investment officer at Siebert Financial, adding that Nvidia's troubles could spread to other companies in the sector.