Nvidia Plunges on CEO Scandal, AMD Gains, Sable Offshore Drops

 

Today's biggest gainers and decliners in the stock market.

On this episode:

  • Nvidia (NVDA) Chief Executive Officer Jensen Huang’s affair with an alleged Chinese spy has sent the company’s stock plunging, become a focus of internal and government investigations and is now threatening to reverberate across the AI industry. The incident threatens to further roil an AI market shaken by concerns about a slowdown in data center spending.
  • AMD (AMD) are gaining the most since July after Oppenheimer upgraded shares to Outperform, citing a tailwind from agentic AI. AMD was up 13.4% at $509.19 at just about 3pm New York time.
  • Sable Offshore (SOC)’s shares slumped more than 70% to an all-time low after the California oil producer said it will struggle to repay near-term debt because its only customer halted purchases.
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