Nvidia shares fall sharply in pre-market trade after Jensen Huang steps down
Nvidia's stock dropped roughly 11% after its CEO, Jensen Huang, departed amid mounting controversy and investor unease. The sell-off spread to other AI-focused companies, with Oracle and Micron Technology also posting losses. Broader markets moved too, as the dollar climbed to a 19-month high and the US 10-year Treasury yield reached 5%. Colette Kress will serve as interim CEO during the transition, and analysts are now looking to the company's upcoming earnings report for clearer guidance.
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