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The resignation of Jensen Huang caught the stock market off guard on Thursday. After several scandals, including one involving a manager suspected by US authorities of espionage for China, the founder had to step down. CFO Colette Kress will take over for now. The stock fell by 14% at the opening on Thursday but ultimately closed down only 4.3%. This quick recovery shows me , what it’s really about: The AI trend is still fully intact. Major cloud companies have committed their investments until 2027. Cisco expects around $9 billion in AI revenue...
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