Wall Street shakes with swings for Nvidia and oil but recovers most of its early losses
Summary
Asian shares were mixed on Thursday 12 November as concerns over leadership at chipmaker Nvidia weighed on artificial intelligence-related stocks, The Philadelphia Inquirer reported, and US stock index futures slid as Nvidia considered replacing Chief Executive Officer Jensen Huang, according to Bloomberg. Nvidia's stock plunged as much as 14% at the start of trading following the resignation of Jensen Huang, its CEO, co-founder and face of the brand, PBS NewsHour reported. The U.S. stock market shook, but it largely absorbed big swings for Nvidia and oil prices and finished with relatively modest losses, the LA Times and the Inquirer reported.
Latest: The U.S. stock market shook, but it largely absorbed big swings for Nvidia and oil prices and finished with relatively modest losses, the LA Times and The Philadelphia Inquirer reported, PBS NewsHour writing that Nvidia's stock plunged as much as 14% at the start of trading following the resignation of Jensen Huang, after Asian shares were mixed as concerns over leadership at Nvidia weighed on artificial intelligence-related stocks, according to the Inquirer, and US stock index futures slid, Bloomberg reported.
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How it unfolded
Thursday 12 November
The U.S. stock market shook, but it largely absorbed big swings for Nvidia and oil prices and finished with relatively modest losses, the LA Times and The Philadelphia Inquirer reported, PBS NewsHour writing that Nvidia's stock plunged as much as 14% at the start of trading following the resignation of Jensen Huang, after Asian shares were mixed as concerns over leadership at Nvidia weighed on artificial intelligence-related stocks, according to the Inquirer, and US stock index futures slid, Bloomberg reported.
- 17:31LA Times Wall Street shakes with swings for Nvidia and oil prices but recovers most of its early losses
- 16:02The Philadelphia Inquirer Wall Street shakes with swings for Nvidia and oil prices but recovers most of its early losses
- 15:17The Philadelphia Inquirer Wall Street shakes following swings for Nvidia and oil prices but recovers most of its early losses
- 11:44The Philadelphia Inquirer Wall Street erases its early loss after absorbing big swings for Nvidia's stock and oil prices
- 11:10The Philadelphia Inquirer Wall Street steadies after absorbing big swings for Nvidia's stock and oil prices
- 11:05PBS NewsHour Sharp swings for Nvidia and oil prices weigh on Wall Street
- 10:31The Philadelphia Inquirer Sharp swings for Nvidia and oil prices weigh on Wall Street
- 09:48The Philadelphia Inquirer A drop for Nvidia's stock weighs on the US market, while oil prices swing
- 09:35The Philadelphia Inquirer A plunge for Nvidia's stock drags Wall Street lower
- 04:40Bloomberg Nvidia Weighs on US Index Futures as CEO Uncertainty Hits Shares
- 04:27The Philadelphia Inquirer World shares are mixed as Nvidia's troubles weigh on AI stocks
Wednesday 11 November
- 23:11The Philadelphia Inquirer Asian shares mostly slip as Nvidia's troubles weigh on AI stocks, despite a rally on Wall St