Published on 19 Mar 2024 on Benzinga
NVIDIA Corp. NVDA CEO Jensen Huang experienced a drop in his company’s stock after a highly anticipated presentation. However, the stocks of other companies mentioned during the event saw a significant rise.
What Happened: Despite unveiling a new processor design, Blackwell, Nvidia’s shares fell by almost 2% in post-market trading. However, Huang’s endorsements of other companies during the two-hour presentation in San Jose, California, led to a surge in their stock prices, reported Bloomberg.