NVIDIA's Leadership Crisis Is Dragging the S&P 500 Lower. Here's What Else Is Moving
Rich Duprey reports that a leadership crisis at NVIDIA — Jensen Huang's resignation amid reports of a relationship with an executive who reports to him, which the Wall Street Journal called an ouster — is dragging Wall Street lower, with NVIDIA shares down 7% to about $161 and the SPDR S&P 500 ETF Trust off 0.3% in early trading. Duprey says the selling has spread to other AI names, the 10-year Treasury yield rose to 5.0%, and he expects NVIDIA's board to name permanent leadership and its next earnings to test the $108.0 billion quarterly revenue guidance.
