Nvidia CEO Becomes Kingmaker by Name-Dropping Stocks
- Synopsys, Cadence Design Systems and Ansys all rise Tuesday
- Nvidia shares pushed lower after Huang’s keynote speech
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Nvidia Corp. Chief Executive Officer Jensen Huang’s highly anticipated keynote failed to move the needle for his stock. But it turned out to be good for many of the company’s customers and partners.
While Nvidia shares edged lower, falling about 3.3% Tuesday, after the executive unveiled a new processor design called Blackwell, Huang’s touts of other companies — delivered during a two-hour presentation Monday in San Jose, California — sent their stocks higher.