Nvidia shares slide 8% on CEO removal reports; AMD and Broadcom gain

invezz.com (Swedish) —

Nvidia shares plunged over 8% in after-hours trading Wednesday amid reports its board may remove CEO Jensen Huang, while rivals AMD and Broadcom rose as investors weighed potential benefits for competitors. Nvidia fell 8.61% after closing at $173.73, while AMD gained 4.36% and Broadcom rose 2.40%. The board reportedly opened an investigation after Huang was targeted by a foreign intelligence operation, though no departure has been confirmed. Huang co-founded Nvidia in 1993 and leads its AI chip dominance, with quarterly revenue of $96.2 billion. Analysts note competitors face hurdles from Nvidia's CUDA software ecosystem, though its November 17 results will clarify demand.


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