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Nvidia Board Inquiry Puts $177.92 Support in Focus Ahead of Earnings

Nvidia Board Inquiry Puts $177.92 Support in Focus Ahead of Earnings

TradingKey – Nvidia (NASDAQ: NVDA) closed Friday, November 6, at $186.64, up 2.78%. The weekend changed what traders face on Monday. Nvidia’s board opened an independent inquiry into reports that a foreign intelligence effort targeted CEO Jensen Huang. Shares traded around $180.30 outside regular hours, according to Reuters, bringing $177.92 support into play.

The November 17 earnings report gives shareholders a separate test. Nvidia has committed billions of dollars to secure components. How quickly customers can install those systems and pay for them matters even if orders keep growing.

What the Board Has Said About Huang

Independent directors will oversee the inquiry with outside counsel. In its November 8 statement, the board backed…

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