Wall Street Closes Lower as Nvidia Ends Down 4.3% After Huang's Exit, While AMD and Broadcom Gain More Than 5%

Wall Street ended Thursday lower, and Nvidia was the reason. The Dow Jones Industrial Average closed at 52,297.09, down 189.40 points or 0.36 percent, the S&P 500 finished at 7,592.40, down 0.35 percent, and the Nasdaq composite settled at 25,366.09, down 0.39 percent, according to CNBC's closing figures. It was a smaller loss than the opening hour promised: the S&P 500 had been down almost 1 percent and the Nasdaq as much as 1.6 percent early in the session, per MLQ.

Our midday report caught the indexes briefly in positive territory. They did not hold it, and the afternoon was a slow fade rather than a rout.

How much did Nvidia fall after Jensen Huang resigned?

Nvidia closed at $166.19, down $7.54 or 4.34 percent, after opening about 14 percent lower, MLQ reported. The stock traded between $148.80 and $167.14 on the day, so it finished almost at the top of its range after a violent morning. The chief executive's exit was the news of the day, and the stock's recovery from the lows suggested buyers saw value after the drop.

The damage stayed mostly inside the one stock. Investing.com's tally showed 2,225 NYSE shares declining against 644 advancing, and 2,563 Nasdaq decliners against 916 gainers, so the market was weak but not broken.

Which stocks rose and fell on Thursday?

Chip rivals gained as money rotated out of Nvidia. Investing.com listed AMD up 5.86 percent at $585.30, Broadcom up 5.54 percent at $364.36 and Arista Networks up 5.06 percent. Super Micro Computer fell 11.3 percent to $26.99, and CoreWeave lost 6.9 percent, according to MLQ, a sign that the companies renting out AI computing capacity took more of the hit than the chip designers.