Nvidia shares rise 4% after two-day decline
The chipmaker recovered part of its losses during Wednesday’s trading, following two days of declines after it announced an inquiry involving chief executive Jensen Huang.
Review information is loading.
Nvidia shares rose 4.14% to $175.89 at 11.52am in New York on Wednesday, according to Stock Analysis, recovering part of their losses from the previous two trading sessions.
The shares had fallen 9.5% between Friday’s close of $186.64 and Tuesday’s close of $168.89. At Wednesday’s quoted price, they remained nearly 6% below Friday’s level.
The decline followed Nvidia’s announcement of an independent investigation into reports that chief executive Jensen Huang had been targeted by a foreign intelligence operation. On 8 November, the board said it had no reason to believe US national security or Nvidia secrets had been compromised, but that the inquiry would examine the available information.
Other chipmakers also rose in early trading. Dutch news agency ANP reported that CoreWeave, a major Nvidia customer, gained more than 14% after the data centre company reported better-than-expected results and raised its annual revenue forecast.
Sign in to give this article a thumbs up or down.
About this discussion and AI questions
Private test discussion. Comments are readers’ views and are not yet automatically fact-checked. Editing is available for 60 seconds after posting.
Sign in with a confirmed reader account and choose a username to read comments and participate.
Sorting applies to top-level comments; replies remain oldest first. New comments and likes can change the order. Refresh for the current ranking.
Loading comments…