U.S. stock market opens with Nasdaq down over 56 points
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Duan Yongping: Currently will not sell Nvidia, and in the future Jensen Huang may return as a “shadow CEO”
Duan Yongping has made it clear that he will not sell Nvidia and sold a large number of put options on the day the news was released. Nvidia may invite Jensen Huang to serve as an advisor, taking on a “shadow CEO” role to retain his influence, but he would no longer have signing authority. Whether this scenario materializes will likely only become clear after the hearing concludes.
US Research Review - Azenta, Cencora, Stratasys
After Jensen Huang stepped down, Nvidia (NVDA.US) shares plunged; retail investors bought up $111 million within half an hour of the market opening.
Retail investors are still betting on a rebound in NVIDIA (NVDA.US) stock price.
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