US Tech Stocks Fall After Nvidia CEO Huang's Departure

nrc.nl (Dutch) —

US tech stocks closed lower on Thursday after Nvidia CEO Jensen Huang was forced to resign, following revelations he was seduced by a Chinese spy and had an affair with a senior Nvidia manager. Nvidia shares fell 4 percent, recovering from a 13 percent drop at market open. The Nasdaq declined 0.4 percent to 25,366.09 points, while the S&P 500 also fell 0.4 percent to 7,592.40 points. The Dow Jones index dropped to 52,297.09 points, according to international news agencies. Huang's position became untenable after the affair was made public on Wednesday. The broader market decline reflects investor concerns over leadership turmoil at one of the sector's most influential chipmakers.


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