Wall Street withstands AI blues. What about Nvidia shock?

Key takeaways

AI stocks have fallen, Nvidia CEO Jensen Huang resigned after scandal, but the broader market remains resilient, with the equal‑weighted S&P 500 outperforming the traditional index.

• Nvidia shares dropped 14% after Huang’s resignation, erasing over US$2 trillion in market value.
• The Philadelphia Semiconductor Index fell 12% on November 5, its second‑largest loss, and was down almost 40% from its June high.
• The equal‑weighted S&P 500 has risen nearly 5% since October 6, outperforming the S&P 500’s 11% gain this year.

Summarised automatically by AI from the original article by Astro Awani. AI can make mistakes, so check the original for details.