Asian AI Stocks Rise After Nvidia CEO Jensen Huang Steps Down

invezz.com (Dutch) —

Asian AI-related stocks rose Friday despite Nvidia's selloff after founder Jensen Huang stepped down as CEO, with Samsung Electronics gaining 3.25% and SK Hynix climbing 4.55% initially before paring gains. Nvidia closed 4.34% lower at $166.19 Thursday as investors assessed its first leadership change in 33 years, while rivals AMD and Broadcom rose. South Korean bargain hunters returned to chipmakers amid fears of slower AI infrastructure spending, though early rallies faded, showing lingering caution. Analysts say demand for high-bandwidth memory tied to AI computing remains strong despite Huang's exit, with existing orders and qualification cycles unlikely to be disrupted. Nvidia's November 17 results will be a key test, while CFO Colette Kress serves as interim CEO.


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