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Nvidia Co-Founder Jensen Huang Resigns; Stock Set for Sixth Weekly Drop

Jensen Huang resigned on Thursday after 33 years as Nvidia’s co-founder and chief executive, with Oppenheimer analysts saying his departure could keep weighing on the share price even if upcoming earnings are solid. Nvidia has lost about 29% of its market value, or roughly $1.6 trillion, over the period, and is headed for a sixth straight weekly decline, its longest losing streak since 2012. Apple has overtaken Nvidia by market capitalization.

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