Last Updated on November 12, 2026 10:31 pm by INDIAN AWAAZ
By Our Business Correspondent
Jensen Huang resigns as Nvidia CEO effective immediately Chief Financial Officer Colette Kress has been appointed as interim CEO while keeping her existing roles.
Earlier Global equity markets delivered mixed performances on Thursday as investors weighed renewed uncertainty surrounding Nvidia’s leadership against improving earnings and strong momentum in artificial intelligence-related businesses.
European markets traded higher, supported by healthy corporate earnings, while most Asian markets ended lower amid concerns over higher US interest rates and developments surrounding AI chip giant Nvidia.
Investor sentiment was affected by reports that Nvidia’s board was assessing leadership-related issues involving Chief Executive Jensen Huang. The reports triggered fresh volatility across technology counters despite a recent recovery in semiconductor stocks.
In Japan, wholesale inflation accelerated to 7.1% in October, strengthening expectations that the Bank of Japan may continue tightening monetary policy.
Meanwhile, Wall Street delivered a strong performance overnight. The Dow Jones Industrial Average climbed 0.49%, while the S&P 500 and Nasdaq gained 1.31% and 1.60%, respectively.
Technology and semiconductor stocks led the rally, aided by impressive earnings from AI infrastructure company CoreWeave. The firm reported robust revenue growth and upgraded its financial outlook, easing investor concerns regarding the sustainability of AI-related capital expenditure.
The artificial intelligence sector also remained in focus amid growing anticipation surrounding Anthropic’s planned public listing, which could become one of the largest AI-focused market offerings in history.
Analysts said investor enthusiasm for artificial intelligence remains strong despite concerns over valuations and corporate governance issues within the sector.