AMD, Broadcom Climb Over 3% as Nvidia Drops 5.7% on Jensen Huang Ouster Reports
Updated
Updated · Bloomberg · Nov 12
AMD, Broadcom Climb Over 3% as Nvidia Drops 5.7% on Jensen Huang Ouster Reports
3 articles · Updated · Bloomberg · Nov 12
Summary
AMD and Broadcom each gained more than 3% in premarket trading as investors bet Nvidia’s leadership crisis could divert chip orders and AI-related business to rivals.
Nvidia fell 5.7% after reports its board is preparing to remove CEO Jensen Huang, the executive who led the company’s rise during the artificial-intelligence boom.
Alphabet also edged up 0.2%, suggesting the market reaction spread beyond direct chip competitors while remaining centered on Nvidia’s turmoil.
The moves point to a rapid repricing across AI-linked stocks, with traders treating any disruption at Nvidia as an opening for alternative suppliers.