Nvidia Shares Fall 13.93% as U.S. Stocks Open Mixed Thursday

U.S. stocks opened mixed Thursday as Nvidia shares plunged 13.93%, leading a sharp decline in the Nasdaq Composite during the first minutes of trading.

At 9:31 a.m. ET (14:31 UTC), the Dow Jones Industrial Average was up 0.11%, while the S&P 500 fell 0.77% and the Nasdaq Composite lost 1.51%. Nvidia's drop erased $500 billion in market value. Nvidia announced Jensen Huang's resignation.

Moves among other large technology stocks were mixed. Apple gained 0.31%, Microsoft rose 0.36%, Google-A added 0.53% and Amazon advanced 1.4%. Taiwan Semiconductor Manufacturing Co. fell 3.73%, SK Hynix declined 5.38% and Micron Technology slid 4.65%, while Advanced Micro Devices added 2.54%.

The divided opening gives crypto traders a broader risk-appetite backdrop to watch. The market figures cover equities and do not indicate a corresponding move in digital-asset prices.