India TV

AI boom faces test as Nvidia shares plunged after co-founder Jensen Huang steps down as CEO

Nvidia shares tumbled 14 per cent after Jensen Huang, its co-founder and face of the brand, resigned as CEO. While the stock later recovered somewhat, it pulled the US market lower, threatening to upend the artificial intelligence boom that carried Wall Street to a record high in recent years. The S&P 500 fell 0.6 per cent in its latest yo-yo move. Weakness in AI stocks dragged the Nasdaq composite down 0.9 per cent, but the rest of the market held up better. The Dow Jones Industrial Average was down a modest 15 points, or less than 0.1 per cent, as of 9:35 am Eastern time.