Nvidia shares slip again as Wall Street weighs chip giant’s future

Nvidia shares fell more than two per cent as Wall Street opened on Friday, extending a bruising week for the chip giant after Jensen Huang’s resignation and pushing its market value below $4 trillion.

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The AI heavyweight slipped 2.5 per cent to around $162 in early trading, having initially risen in pre-market dealings, as investors continued to assess the fallout from the departure of its founder and chief executive after 33 years. He stepped down following reports of multiple extramarital affairs, including a relationship with a woman suspected by US intelligence officials of spying for China.

The decline followed Thursday’s volatile session, when Nvidia shares plunged more than 13 per cent at the opening bell before recovering to close just over four per cent lower.

The scandal has raised questions over Nvidia’s leadership and corporate governance, with chief financial officer Colette Kress taking over as interim chief executive while the board searches for a permanent succe