Nasdaq 100 Turns Green Despite Nvidia’s 5% Drop on Huang Exit: Stock Market Today
Summary
The Nasdaq 100 managed to turn positive on Thursday despite a sharp drop in Nvidia shares following the departure of its chief executive. Market participants shifted their capital toward alternative semiconductor producers and energy companies while Treasury yields increased.
The Nasdaq 100 turned green Thursday even as Nvidia Corp. (NASDAQ:NVDA) plunged as much as 14.3% at the open, its steepest intraday drop since the DeepSeek selloff of Jan. 27, 2025, after Jensen Huang resigned as chief executive. Investors rotated into rival chipmakers and energy stocks, while Treasury yields jumped. Co-founder Huang stepped down as CEO and board member effective…
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