U.S. stocks opened mixed Thursday, with Nvidia down 13.93% in the opening minutes and the Nasdaq Composite 1.51% lower at the 9:31 a.m. ET check.
At the first market check, the Nasdaq Composite was down 1.51% and the S&P 500 0.77%, while the Dow Jones Industrial Average was 0.11% higher. The Dow was the only one of the three major indexes in positive territory at that snapshot. The Nasdaq recorded the largest percentage decline among the three.
The resignation follows Nvidia’s board inquiry into reports targeting Huang.
Amazon gained 1.4%, Google-A 0.53%, Microsoft 0.36% and Apple 0.31%. Taiwan Semiconductor Manufacturing Co. (TSMC), SK Hynix and Micron Technology fell 3.73%, 5.38% and 4.65%, respectively; Advanced Micro Devices (AMD) rose 2.54%. Nvidia's 13.93% decline was larger than the losses at those three chipmakers.
Nvidia announced the resignation of CEO Jensen Huang.
