Wall Street Slips as Nvidia CEO Resigns; AMD and Broadcom Surge

worldjournal.com (Chinese) —

U.S. stocks closed lower on November 12 after Jensen Huang resigned as CEO of Nvidia, dragging down AI-related shares, while AMD and Broadcom rallied against the trend. Trump's comments on Iran pushed oil prices up, and the 10-year Treasury yield rose above 5.1%. Nvidia fell 4.3% to $166.19, with CFO Colette Kress named interim CEO. AMD surged 5.9% on an analyst upgrade, and Broadcom gained 5.5%. The Dow fell 0.4%, the S&P 500 dropped 0.4%, and the Nasdaq declined 0.4%. Oil prices rose 2.6% to $88.74 per barrel on supply concerns, while gold fell 2.9%. Markets now fully price in a Fed rate hike in December, with the 10-year yield at its highest since October 21.


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