File photo: A Microsoft-branded building in Europe, 2015. efes / Wikimedia Commons, CC0. Cropped and resized.
The Nasdaq Composite closed lower Thursday, while Nvidia fell 4.34% and AMD rose 5.86% on a day when both chipmakers announced company news.
The Nasdaq Composite ended November 12 at 25,366.09, down 100.10 points, or 0.39%, according to Nasdaq data.
Nvidia closed at $166.19, down 4.34%, according to Nasdaq data. AMD closed at $585.30, up 5.86%, according to Nasdaq data. Those figures are the regular-session closes at 4 p.m. Eastern, not subsequent after-hours trades.
Nvidia announced Thursday that Jensen Huang had resigned as president, chief executive and a director, effective immediately. Finance chief Colette Kress will serve as interim chief executive while keeping her finance duties as the board searches for a permanent successor. The company did not give a reason for the resignation in its announcement.
AMD announced additions to its Instinct MI400 series Thursday. The products are designed for AI and scientific-computing workloads in data centers.
The product announcement and the rise in AMD shares came on the same day. AMD’s release does not establish that the launch alone caused the stock’s gain.
Microsoft closed at $523.00, up 0.36%, according to Nasdaq data.
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