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Stock Market Today, Nov. 9: Nvidia Stock Plunges 4% on Jensen Huang Investigation as Nasdaq Surges Nearly 3%
The Motley Fool·
Nvidia stock fell 4.27% to $178.67 on Monday following an announcement of an independent board investigation into CEO Jensen Huang regarding a suspected Chinese intelligence operation. Despite Nvidia's decline, the broader market rallied strongly with the Nasdaq climbing 2.74% and the S&P 500 gaining 2.35%. Other semiconductor stocks like AMD and Broadcom surged on renewed investor confidence in AI stocks, though Nvidia's company-specific risks overshadowed the sector momentum ahead of its November 17 earnings report.
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