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Chip rivals AMD, Broadcom rally as Nvidia board weighs ousting CEO Jensen Huang

Published by Seeking Alpha · United States 1 h ago
Chip rivals AMD, Broadcom rally as Nvidia board weighs ousting CEO Jensen Huang
Seeking Alpha

Detailed summary

Nvidia falls 9% after hours on reports its board may oust CEO Jensen Huang; AMD and Broadcom gain over 3% on hopes of extra accelerator business.

Nvidia's (NVDA) current leadership drama is giving a boost to rivals like AMD (AMD), Broadcom (AVGO), and Alphabet (GOOG) (GOOGL), with their stocks climbing after hours on expectations that they'll pick up extra business.

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