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Can Nvidia Hold $148.95 After Jensen Huang’s Exit?

Can Nvidia Hold $148.95 After Jensen Huang’s Exit?

TradingKey – Nvidia (NASDAQ: NVDA) fell 4.34% to $166.19 on Thursday, November 12, after Jensen Huang resigned as CEO, president and director, effective immediately. The stock dropped as low as $148.80 early in the session before buyers cut most of the loss, and volume reached about 737 million shares, roughly five times the three-month average.

Overnight trading sits slightly lower at $163.46. Nvidia is now down 10.96% from its November 6 close of $186.64 and about 31% below its October 6 record close of $239.24, with fiscal third-quarter results due on Tuesday, November 17.

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