Nvidia CEO Huang Resigns as Stocks Slip, Gold Slides
Nvidia CEO Huang Resigns as Stocks Slip, Gold Slides

Markets were mixed today as a plunge in Nvidia’s stock after CEO Jensen Huang’s resignation dragged on Wall Street, though the TSX bucked the trend. The TSX gained 0.67% while the TSX Venture Index fell 0.62%, and in the U.S. the Dow slipped 0.09% even as the Nasdaq rose 0.55%. The FTSE 100 eased 0.27%.

Gold tumbled 2.29% as the U.S. dollar climbed to a 19-month high above 103, while copper fell 1.38% and oil was little changed, down 0.05% at 86.26. Natural gas gained 1.59%, and Bitcoin dropped 3.02% to just above C$102,000. The yen edged toward ¥160 on rate-hike prospects, while the Northwest Territories pushed Ottawa to lift its Arctic offshore oil and gas moratorium.

Market numbers

TSX: Up (+0.67%) 36,411.72

TSXV: Down (-0.62%) 817.02

DOW: Down (-0.09%) 52,491.1

NASDAQ: Up (+0.55%) 28,246.9

FTSE 100: Down (-0.27%) 10,842.46

In the headlines

  • Nvidia CEO Jensen Huang resigns as affair scandals raise national security concerns: Nvidia (NASDAQ:NVDA), the dominant AI chipmaker, saw its stock sink as much as 9% after CEO Jensen Huang resigned amid affair scandals that raised national security concerns. The board named CFO Colette Kress interim CEO, while senior U.S. Democratic senators urged the administration to preserve Nvidia export records amid China security concerns.
  • Warby Parker bets on Google AI glasses for growth as privacy fears loom: Warby Parker (NYSE:WRBY), the eyewear retailer, is betting on its partnership with Google (NASDAQ:GOOGL) around AI-powered glasses to drive its next phase of growth. Lingering privacy concerns around the smart eyewear category remain a risk.

Currencies

USD: Flat (+0.00%) $0.7013

GBP: Up (+0.08%) $0.5286

EUR: Up (+0.02%) $0.63282

JPY: Down (-0.04%) ¥112.092

AUD: Up (+0.28%) $1.0272

Bitcoin (BTC/CAD): Down (-3.02%) 102,298.0

(Conversion to C$1)

Commodities

Copper: Down (-1.38%) 6.26211

Gold: Down (-2.29%) 3,896.36

WTI: Down (-0.05%) 86.26

Natural Gas: Up (+1.59%) 3.320

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