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Nvidia Shares Plunge 8%
Nvidia shares fell sharply on Thursday after co-founder Jensen Huang resigned as chief executive, ending his 33-year tenure. His departure followed reports about his personal relationships and alleged shipments of Nvidia chips linked to China, adding uncertainty around the company’s leadership. Nvidia (NVDA) shares fell 8.13% to $159.61 at 9:39 a.m. EST, losing $14.13, according to Yahoo Finance data. The decline pushed the company’s market value below $4 trillion. Nvidia appointed Chief Financial Officer Colette Kress as interim chief executive while its board searches for a permanent successor.