November 12 News: Turmoil in NVIDIA's senior leadership has captured market attention, with potential beneficiaries now in focus. In after-hours trading, shares of AMD, Broadcom, and Google parent Alphabet climbed as investors bet these companies could gain ground at NVIDIA's expense. NVIDIA's stock tumbled as much as 9% after hours following reports that the board was preparing to oust CEO Jensen Huang. AMD shares rose more than 3% at one point, while Alphabet added 0.3%. Investors, while remaining engaged in AI investments, are looking to hedge NVIDIA-related risks by allocating to other companies. The upheaval underscores the potential for further market volatility ahead. Global technology research analyst Mandeep Singh noted that in the accelerator market long dominated by NVIDIA, rivals such as AMD, Google, and Amazon may now have openings to expand their market share. NVIDIA's aggressive pace of setting and beating targets may prove difficult to sustain at the level seen over the past two to three years.
