TradingKey – Nvidia (NASDAQ: NVDA) rose 2.87% to $173.73 on Wednesday, November 11, as CoreWeave’s results lifted AI stocks. Overnight trading points much lower at $160.74, after reports late Wednesday that Nvidia’s board was preparing to remove CEO Jensen Huang.
Nvidia had closed at $186.64 on Friday, November 6, and its record close was $239.24 on October 6. The overnight price sits about 33% below that record, with fiscal third-quarter results due on Tuesday, November 17.
From Board Support to Removal Reports in Four Days
On Sunday, November 8, Nvidia’s board opened an independent review after reports that Huang “has been the target of a foreign intelligence effort.” The board said it had “no reason to believe that either national…
