Nvidia shares fall amid Jensen Huang scandal as semiconductor earnings await
AMAT Applied Materials Inc
$380.95 -3.58%
View chart & analysis → - 1Nvidia shares plunged in Wednesday night trading following reports of an inappropriate relationship involving CEO Jensen Huang.
- 2Cerebras is projected to report third-quarter revenue of $274.9 million and an expected adjusted loss per share of $0.23.
- 3Applied Materials expects fourth-quarter revenue to increase 51% to $10.3 billion and adjusted profit to increase 87%.
So what's the key point?
Nvidia's stock price dropped significantly due to reports regarding the CEO's personal matters. The market is now waiting for earnings reports from other semiconductor companies.
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