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AMD and other chip stocks slide as Wall Street rethinks the AI trade without Jensen Huang

MarketWatch ·

Updated 1h ago

  • 3 more outlets picked it up in the last 3 hours, most recently AP, Crypto Briefing, Bloomberg.

At first, it looked like Nvidia’s pain might be the rest of the chip sector’s gain. But now, investors aren’t so sure.

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AI Insight

Jensen Huang has resigned as Nvidia's CEO, Business Insider reported. Some tech and business figures rallied around Huang after the resignation, and Musk backed a petition to bring him back; The Defiant said the petition's signature tally is not identity-verified and the board has announced no reversal.

Written by AI from the sources' headlines and summaries. It can make mistakes; check the original reporting.

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First reported by Financial Times at · 5 outlets in all

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  1. APJensen Huang
  2. Crypto BriefingWall Street braces for Nvidia’s future without CEO Jensen HuangNvidia's leadership uncertainty may impact investor confidence and strategic direction, affecting market stability and future growth prospects.
  3. Bloomberg(subscription required)How Wall Street Is Bracing For the Post-Jensen Huang Nvidia Era
  4. MarketWatchAMD and other chip stocks slide as Wall Street rethinks the AI trade without Jensen HuangAt first, it looked like Nvidia’s pain might be the rest of the chip sector’s gain. But now, investors aren’t so sure.
  5. Financial Times(subscription required)Will Jensen Huang sell his $135bn of stock?Any attempt by Nvidia co-founder to offload his shares would unnerve investors but is fraught with legal and price risks