Nvidia’s turmoil is prompting a rotation across chip stocks. Here's what we know
A CNBC article reports that Nvidia CEO Jensen Huang resigned following revelations about his affairs, including with a woman believed by U.S. intelligence to be a Chinese spy, and that the turmoil is prompting a rotation across chip stocks: Nvidia fell 11% in a week while AMD, Broadcom, TSMC, Texas Instruments, and others rallied. Traders and analysts say investors see Huang's departure loosening Nvidia's grip on AI chips, and Azam warns investigations could limit any recovery.
