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NVIDIA shares rose following media reports about NVIDIA CEO Jensen Huang's departure, which further sent US AI compute cloud stocks tumbling in pre-market trading, with Nebius plunging 20.1% and CoreWeave dropping 13.6%.
Affected by the news that NVIDIA CEO Jensen Huang is stepping down effective immediately, U.S.-listed AI hashrate and cloud infrastructure stocks extended their pre-market losses. Among them, Nebius (NBIS) plummeted 20.1%, CoreWeave (CRWV) dropped 13.6%, the Roundhill Neocloud ETF fell 12.5%, and IREN declined 8.1%.
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