Nvidia CEO Jensen Huang resigned after reports of two extramarital affairs, one with a customer suspected by U.S. intelligence of being a Chinese intelligence asset. Chief Financial Officer Colette Kress will serve as interim CEO while the chipmaker searches for a permanent successor. Nvidia's shares fell 8.2 per cent to a more than 16-month low in early trading, with market value on track to close below US$4 trillion for the first time since July 2025. Market capitalisation had been about $5.8 trillion in early October. Analysts expect fiscal third-quarter revenue of $109 billion when Nvidia reports earnings.
Nebius
3 stories since 29 October 2026, newest first
14 November 2026
The S&P 500 ended the session 0.42% lower at 7,560.87 points, while the Nasdaq Composite fell 0.91% to 25,135.96 points. The Dow Jones Industrial Average rose 0.09% to 52,343.23 points. Nvidia's stock continued its decline for a sixth straight week, the longest streak since October 2012, and the Philadelphia Semiconductor Index dropped 3.7%, led by losses in Advanced Micro Devices and Broadcom. Analyst Anthony Saglimbene of Ameriprise Financial noted that the AI sector is experiencing heightened volatility after recent leadership changes at Nvidia.
29 October 2026
Microsoft announced a reduction of its full‑year capital expenditure target to $170 billion, down from $175 billion, while reporting $18.6 billion in free cash flow that beat expectations. Alphabet disclosed a negative free cash flow of over $9 billion for the third quarter, causing its shares to tumble between 8% and 10% in after‑hours trading. In the same period, Azure revenue grew 48% and Google Cloud revenue topped $30 billion, surpassing forecasts. Both firms face AI‑related spending pressures, with Alphabet revealing $98.5 billion in contingent AI commitments.