From NDTV
Owned by Adani Group (AMG Media)Nvidia Sinks 3.5%, Drags Nasdaq To Day's Low As Huang Probe Rattles AI Trade
What's behind this
Nvidia named CFO Colette Kress as interim CEO after challenging Huang’s bets. A proposed $250 billion plan to support an OpenAI data centre project in Ohio was pared to $120 billion. Nvidia shares fell 3.5% to $160 in early trading on Friday, extending Thursday’s losses and dragging the Nasdaq to its day low, with the stock down more than 30% from its October record high. The CEO’s departure occurs amid an export‑control probe, as noted in related coverage.
AI-generated overview from 2 outlets. It summarises their reporting and adds no reporting of its own.
RSS excerpt
Nvidia shares fell 3.5% to $160 in early trading on Friday, extending Thursday's losses. The stock has dropped more than 30% from its October record high.