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Investing.com and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Investing.com — Chip stocks have kept rebounding from the AI selloff, with Broadcom (NASDAQ:AVGO) up 6.1% and Celestica (NYSE:CLS) up 4.6% over the past week. Yet NVIDIA (NASDAQ:NVDA) tumbled 13.2% over the same stretch as its board investigated CEO Jensen Huang—and fell another 10% on Thursday after the co-founder resigned with immediate effect, ending his 33-year tenure. The departure follows days of mounting scrutiny over personal misconduct allegations and an independent board probe, leaving CFO Colette Kress to step in as interim CEO alongside newly appointed board chairman Harvey C. Jones. Thursday's drop builds on Wednesday's $173.
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