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Nvidia Shares Fall Again After CEO Jensen Huang Is Fired Amid Scandal

Semiconductor giant Nvidia continues to fall as the New York Stock Exchange opens. The latest decline follows several days of sharp losses amid chaos surrounding CEO Jensen Huang’s dismissal after the discovery of several affairs.

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After about ten minutes of trading on Friday, Nvidia's stock had fallen 2.0 percent.

In the past five trading days, a tenth of the company's market value has been wiped out - before Huang was fired on Thursday following the discovery of several infidelity deals within just a few days.

Nvidia is still the world's second-most valuable listed company, after Apple.

Nvidia's more direct competitors in chip manufacturing, Broadcom and AMD - which rose sharply as Nvidia fell - are down even more, by 4.1 and 4.9 percent respectively.

The stock market as a whole is moving relatively cautiously.

The Dow Jones Industrial Average has risen 0.2 percent, while the broad S&P 500 index is down 0.1 percent and the technology-heavy Nasdaq Composite Index 0.3 percent.

Microsoft - third on the global market capitalisation list - is also struggling on the stock market. The software giant is experiencing technical problems with its data services on Friday. The stock has fallen 0.8 percent.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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