Good evening, you're listening to Markets Desk.
The biggest story on the tape today is Nvidia, where shares opened down eleven percent after Jensen Huang announced his resignation as chief executive. The selloff pushed Nvidia's market capitalization below the four trillion dollar mark, briefly ceding its position back to Microsoft. Colette Kress, the company's longtime chief financial officer and a veteran of both Microsoft and Cisco, steps in as interim CEO. Markets are watching closely to see whether this is a transition or a turning point for the dominant force in AI silicon.
The leadership vacuum is also reshaping portfolio strategy. Analysts at Hudson Value Partners are already advising clients to reduce concentration risk in AI-heavy holdings, and not simply by rotating into rival chipmakers. The argument is that swapping Nvidia for another semiconductor name just trades one single-point risk for another, and that the smarter hedge runs through companies with entirely different economic engines.
Meanwhile, on the telecom side, Charter Communications is confronting a deepening retention problem at Spectrum. Even after absorbing Cox Communications in a thirty-four and a half billion dollar deal, Charter shed two hundred thirty-three thousand internet subscribers on a pro forma basis in the third quarter of twenty twenty-six, underscoring that scale alone cannot paper over structural cord-cutting pressure.
That's the tape. Markets Desk, signing off the floor.
