NVIDIA stock crash: Why did AMD, Broadcom shares rise up to 5% after Jensen Huang's exit? Experts' views
NVIDIA stock crash, Nov. 13 -- Shares of Advanced Micro Devices (AMD) and Broadcom rallied on Thursday, November 12, even as NVIDIA shares tumbled following the sudden resignation of its co-founder and long-serving CEO, Jensen Huang.
AMD shares climbed around 5.86%, while Broadcom advanced 5.54% during Thursday's trading session, as investors assessed whether Nvidia's leadership turmoil could create fresh opportunities for competing semiconductor companies. Nvidia shares, meanwhile, fell as much as 4.34% during the Thursday's session.
According to market experts, the dramatic development has sent shockwaves through the global artificial intelligence (AI) industry, given Huang's instrumental role in transforming Nvidia into the world's l...
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