newsmetry
rusign inget started
macro

AMD and Broadcom Climb Up to 5% as Jensen Huang Exits Nvidia

Nvidia's rivals rallied Thursday after Jensen Huang resigned as CEO and Colette Kress became interim chief. Figures are from TradingView, citing CNBC.

published on Newsmetry
original source published

the same feed is available to bots and dashboards through the api. connect the api →

Newsmetry newsroom

what happened

Shares of AMD and Broadcom rose Thursday after Jensen Huang stepped down as president, chief executive and board member of Nvidia, according to TradingView, which cited a CNBC report. AMD has climbed close to 17% since Monday, when markets opened following reports of an alleged relationship between Huang and a suspected Chinese spy. On Thursday AMD traded 5.29% higher at $582.17, while Broadcom gained 4.98% to $362.40.

Nvidia said on November 12 that Huang's resignation took effect immediately. Finance chief Colette Kress was named interim CEO, and the company has begun searching for a permanent successor from both inside and outside the firm. The board also named Harvey C. Jones its first chair in company history. He said directors fully back Kress and the current leadership team, and expect operations, customer commitments and product plans to continue without disruption.

AMD is Nvidia's nearest competitor in complete rack-scale AI systems. Its Helios racks go head to head with Nvidia's Vera Rubin lineup, offering buyers an option as they look to lessen reliance on Nvidia's pricey chips, which are also short of supply. Helios systems are already installed at Anthropic, Meta, Microsoft, OpenAI and Oracle.

why it matters

The leadership gap at Nvidia shifts investor attention toward rivals. However, Daniel Newman of the Futurum Group cautioned that AMD cannot quickly expand output even if customers want to switch to its products.

market impact

AMD, Broadcom: Nvidia's rivals may win orders during its leadership change, lifting their shares

  • AMD pressure up — customers look for an alternative to Nvidia's costly chips
  • Nvidia pressure down — leadership uncertainty creates risks for the company

tags

Leadership changeStockUnited States

instruments

NVDA ↗AMD ↗AVGO ↗

on polymarket

Will NVIDIA (NVDA) hit (LOW) $136 in November?16.5%Will NVIDIA (NVDA) hit (LOW) $144 in November?27.5%Will NVIDIA (NVDA) close above $210 end of November?3.8%

sources

  1. Nvidia rivals AMD, Broadcom gain up to 5% as Jensen Huang steps down — TradingView, 12 November 2026 at 16:18 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

alerts on your topics, the morning digest and the api — in your account.

get stories in real time ↗

related stories