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Asia · Financial press · The Economic Times

US stocks: S&P 500, Nasdaq fall as Nvidia CEO exit rattles AI stocks

Published by The Economic Times · India 3 h ago
A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City.
A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City. · The Economic Times

Detailed summary

Nvidia's stock took a hit after CEO Jensen Huang stepped down, amid swirling personal controversies. This turmoil added noticeable pressure to the AI sector, dragging down the value of related stocks. Additionally, surging oil prices are exacerbating inflation worries across the market.

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