Nvidia's exit shakes AI chip market; AMD and Broadcom gain

The sudden exit of Jensen Huang from Nvidia is disrupting the AI industry, with investors bidding up shares of rivals like AMD and Broadcom while pushing down neoclouds such as CoreWeave and Dell Technologies. AMD is seen as the clearest beneficiary if Nvidia customers shift orders, competing directly in core GPUs. Broadcom could gain from demand for custom AI chips, while Arista Networks may benefit from a shift toward open Ethernet architectures. Neoclouds like CoreWeave face pressure due to their reliance on Nvidia for chips and financing, and Dell is at risk given its AI server business depends heavily on Nvidia systems. Nvidia reports earnings Tuesday, Nov. 17.