Nvidia's shares fell 8% in after-hours trading and are down 20% over the past week, reflecting investor concern after The New York Times reported on CEO Jensen Huang's extramarital affair and The Wall Street Journal's indication that the board may move to remove him. This decline follows a 30% drop from the stock's high on October 6.
Jim Cramer advised investors to maintain diversification, cautioning against abandoning data centers entirely. In contrast, Apple shares reached a new high, up 46% from their 52-week low in January, bolstered by strong fundamentals and regulatory approval for new products in China. The stock trades at 39 times earnings, exceeding the average analyst price target.
Other companies like Cisco Systems and Applied Materials are also set to report earnings, with both experiencing significant declines from their June highs