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via benzinga.comBusiness & Companies

Nvidia reportedly approached Arm CEO Rene Haas for Huang's succession

FROM THE WIRE · BENZINGA.COM

Nvidia Corp.'s (NASDAQ:NVDA) board has approached Arm Holdings plc (NASDAQ:ARM) CEO Rene Haas as it searches for a permanent replacement for Jensen Huang, the Financial Times reported Friday, citing people familiar with the matter.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralApproaching an outside CEO signals an active succession search at Nvidia, which could affect NVDA and ARM.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Nvidia's board has approached Arm CEO Rene Haas as it searches for a permanent replacement for Jensen Huang.
  2. 02The Financial Times reported the approach on Friday, citing people familiar with the matter.
  3. 03Nvidia Corp. and Arm Holdings are both listed on NASDAQ under the tickers NVDA and ARM.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
NVIDIA CorporationNVDAStock162.27 USD+0.53%today -2.36%Neutral Arm Holdings plc American Depositary SharesARMStock189.51 USD+0.10%today -5.14%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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