Nvidia Stock Jumps 5% as Senator Tells Jensen Huang to Resign: Why Are Buyers Back?

Nvidia stock rose more than 5% before Wednesday’s open, clawing back most of Tuesday’s 5.47% drop. The bounce came hours after a Republican senator told CEO Jensen Huang to resign. Today is also Huang’s deadline to tell Congress whether he will answer questions about alleged Chinese spying. Nvidia shed about $430 billion in market value across November 9 and 10. Why Does a Senator Say Huang Has to Go? Sen. Kevin Cramer of North Dakota sits on the Senate Banking Committee. That panel oversees bills that could curb Nvidia chip sales to China. He told Politico late Tuesday that the CEO poses a security risk.

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