Nvidia stock falls 6% as CEO scandal looms ahead of earnings report

Share

Nvidia’s stock declined 5.52% as investors grew concerned about an investigation into the personal conduct of CEO Jensen Huang. The scandal involves allegations of an extramarital affair with potential national security implications, although Nvidia’s independent directors say there is no evidence that company secrets have been compromised. Prediction markets reflected reduced confidence in the stock closing above $140 by the end of November. Nvidia’s earnings report on November 17 will be pivotal for market sentiment, while further revelations or regulatory action could add pressure to the shares.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items