Nvidia’s $15 billion Anthropic IPO pledge in focus with Huang exit
Nvidia turns to CFO to steady ship after Jensen Huang exit
Stocks fall on Nvidia selloff after Huang’s ouster
Australian shares are set to drift lower this morning, as traders digest the overnight news of Jensen Huang’s resignation from Nvidia.
S & P/ASX 200 futures were down 27 points, or 0.3 per cent, to 9159 near 3am (AEDT).
The company at the heart of the artificial intelligence boom was down by 5 per cent in midday trading, after plunging as much as 13 per cent at the open.
Chief Financial Officer Colette Kress was tapped to replace Huang on an interim basis.
The Nasdaq fell slightly on Nvidia’s losses, but competitors such as Broadcom and Advanced Micro Devices rose. The semiconductor index was up 0.6 per cent.
