Nvidia's Rivals Are Cashing in on Jensen Huang's Exit. AMD Shares Have Jumped 30% This Week

Source: International Business Times

AMD is among the leading semiconductor companies developing advanced processors for artificial intelligence and data centers. AFP Nvidia's leadership crisis is creating an opening for rival chipmakers, with Advanced Micro Devices (AMD) shares surging 30% this week and Broadcom gaining 24% as investors look for companies that could benefit from Jensen Huang's departure. Nvidia, meanwhile, has lost about 11% this week, with the sharp contrast in share performance showing how investors are shifting their attention within the semiconductor industry.