Dutch chip shares fall amid uncertainty over Nvidia chief’s future
ASML, Besi and ASMI fell in early trading after a report that Nvidia’s board was considering dismissing chief executive Jensen Huang.
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ASMI, Besi and ASML all fell, with losses of more than 3% among them, according to Dutch news agency ANP. Shortly after the market opened, Amsterdam’s AEX index was down 0.4% at 1,140.78 points.
The declines followed gains of as much as 7% for the three chip companies on Wednesday. ANP linked the reversal to uncertainty over Huang’s position at Nvidia, a major supplier of artificial intelligence chips.
The agency cited a Wall Street Journal report that Nvidia’s board was considering dismissing Huang over multiple extramarital relationships. Nvidia shares had recovered some ground on Wall Street on Wednesday after an earlier fall, ANP said.
Nvidia’s board announced an independent investigation on Sunday. At the time, it expressed confidence in Huang and said it had no reason to believe national security or company secrets had been compromised.
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