STOCKS | U.S. Stocks Open Mixed as Nvidia Shares Fall 13%

The Dow Jones Industrial Average opened up 0.11%, while the S&P 500 fell 0.77% and the Nasdaq Composite dropped 1.51%. According to Odaily, Nvidia shares fell 13% at the open, wiping $500 billion from its market value, and the company announced that Jensen Huang had resigned. Other major stocks moved unevenly: Apple rose 0.31%, Microsoft 0.36%, Alphabet Class A 0.53%, Amazon 1.4%, Taiwan Semiconductor Manufacturing Co. fell 3.73%, SpaceX fell 0.51%, Broadcom rose 3.7%, Meta fell 0.42%, Tesla fell 0.25%, SK Hynix fell 5.38%, Advanced Micro Devices rose 2.54%, Micron Technology fell 4.65%, ASML fell 2.16%, Cisco fell 0.99%, Oracle fell 2.91%, Intel fell 4.11%, Dell Technologies Class C fell 8.66%, and Arm fell 5.21%. Nvidia was down 13.93% in the other stock figures reported.