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AI Stocks Dip, Rivals Rise
Shares of AI companies fell after Jensen Huang resigned, effective immediately, as Nvidia’s chairman and executive and stepped down from its board. The company appointed CFO Colette Kress as interim CEO. Nvidia shares dropped 6.95% to $161.65, and CoreWeave fell 6.66%, while AMD and Broadcom rose 3.55% and 3.62%, respectively. The report attributed the pressure to concerns about leadership disruption, as well as worries over financing costs and tighter regulation. Markets are awaiting Nvidia’s third-quarter fiscal 2027 results next week.
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