From NDTV
Owned by Adani Group (AMG Media)China Internet Stock Gains Face Reality Check In Nvidia Fallout
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
Tencent has been among the most aggressive AI spenders.