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November 12, 2026 14:07:03 UTC

AI Neocloud Stocks Plunge in Premarket After Nvidia CEO Jensen Huang Resigns

US AI neocloud stocks extended their premarket losses following Jensen Huang’s immediate resignation as Nvidia (NASDAQ: NVDA) CEO, triggering further selling across the AI cloud infrastructure sector. Nebius (NASDAQ: NBIS) led the decline, falling 20.1% in premarket trading. CoreWeave (NASDAQ: CRWV) dropped 13.6%, while the Roundhill Neocloud ETF declined 12.5%. IREN shares also fell 8.1%. The selloff reflects growing uncertainty across the AI infrastructure market following the leadership change at Nvidia, a major supplier of AI chips used by neocloud companies.



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