KUALA LUMPUR, Nov 12 (Reuters) -- The S&P 500 and the Nasdaq Composite indexes fell on Thursday as Nvidia chief executive officer (CEO) Jensen Huang's exit unnerved the AI trade and higher oil prices prompted investors to retreat to the sidelines, Reuters reported.
S&P 500, Nasdaq Fall As Nvidia CEO's Exit Rattles AI Stocks
Nvidia, S&P 500, Nasdaq, CEO, Jensen Huang, AI
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Key takeaways
S&P 500 and Nasdaq fell as Nvidia CEO's exit caused uncertainty in AI stocks and oil prices affected investor sentiment.
- Nvidia shares dropped 7.6% after CEO Jensen Huang's exit.
- AI stocks were affected by uncertainty and Nebius revenue forecast cut.
- Chipmakers and data center firms also saw significant declines.
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