After a quarter of trading on Wall Street, Nvidia's stock has fallen 7.4 percent.
This comes after two insider deals uncovered within just a few days proved to be the last straw. After an extraordinary board meeting at Nvidia, Jensen Huang was forced to leave on Thursday.
The uncertainty surrounding the world's second-most valuable listed company is also causing concern across the AI sector. Several other companies with strong ties to AI - such as CoreWeave, Sandisk, Marvell, Micron and Oracle - are also being dragged down.
Nvidia's more direct competitors in chip manufacturing, Broadcom and AMD, are up 5.3 and 4.6 percent, respectively.
At the same time, the stock market as a whole is not taking nearly as much of a hit.
The Dow Jones Industrial Average is unchanged. The broad S&P 500 index is down 0.2 percent, and the technology-heavy Nasdaq Composite Index is down 0.5 percent.
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