Abstract:
NVIDIA announced the resignation of Jen-Hsun Huang and the board of directors appointed Chief Financial Officer Colette Kress as interim CEO. AMD shares rose about 3% in early trading on Thursday after the news broke, with Broadcom rising as much as 6%. The gains for both companies, which are rivals of Nvidia, extend gains seen on Wednesday.
Before Huang Renxun resigned, the media exposed another extramarital affair of his, and he himself has admitted to a previous extramarital relationship.
SpaceX shares rose 2% on Thursday on speculation that Elon Musk may collaborate with Jensen Huang in the future. The incident started when ZeroHedge posted a message calling "Elon, please hire Jen-Hsun Huang," to which Musk replied: "That would be my honor."
But the market sentiment in other AI sectors has turned negative, and the impact of Nvidia's investment companies has been particularly obvious.
CoreWeave, a new cloud service provider invested by Nvidia, fell 12%, giving up some of the gains brought about by the previous trading day's beautiful financial report; peer Nebius fell 19%.
At the same time, the stock price of TSMC, which manufactures chips for Nvidia, fell by more than 2%; semiconductor equipment manufacturer ASML turned negative.
Storage manufacturer SanDisk fell 7% in early trading, and memory chip companies Micron Technology and SK Hynix both fell about 3%; Intel's stock price fell 3%, and Nvidia held an investment position in the US chip company.
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