12 Hrs
Source:
البلاد
Source: البلاد
12 Hrsالبلاد
Source: البلاد
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Shares of global companies linked to artificial intelligence fell after Nvidia CEO Jensen Huang resigned following the launch of an investigation into an alleged extramarital relationship. CFO Colette Kress took over on an interim basis. Nvidia shares dropped 8.2% to a 16-month low, wiping out more than $550 billion in market value. CoreWeave fell 9.1%, while the Philadelphia Semiconductor Index declined 1.3%. By contrast, shares of Nvidia rivals AMD and Broadcom rose 3.7% and 5.6%, respectively, amid expectations that turmoil at the company could create opportunities for its competitors.
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