AIFortuneabout 2 hours ago
Nvidia Shares Plummet 34% After CEO Resigns
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Nvidia stock tumbled 34% to $161 following CEO Jensen Huang's resignation on November 12, slashing its valuation by nearly $2 trillion. The drop reduced its P/E ratio to 20, down from 30. While recent sales jumped 26% and gross margins hit 75%, analysts warn the market correctly prices the risk of losing Huang's unique leadership and innovation drive.
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