Nvidia Corp. shares fell more than 8% on Thursday after co-founder Jensen Huang resigned as chief executive, removing the leader most closely tied to the artificial intelligence boom.

Nvidia stock traded at $159.52 in morning trading, down $14.21, or 8.18%, from Wednesday's close of $173.73. The shares fell more than 11% before the opening bell. Trading volume topped 201 million shares within the first half hour, well above the three-month average of about 131 million.

The decline left Nvidia's market value at about $3.92 trillion. The stock is now down about 7% over the past 52 weeks and turned negative for the year.

Nvidia's board said Thursday that Huang had resigned as president, CEO and director, effective immediately. In a regulatory filing, Nvidia said the board accepted the resignation on Wednesday, TechCrunch........

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