Broadcom Rallies 5% as Traders Bet on Chip Rivals After Jensen Huang's Exit; NVIDIA Falls 5%, AMD Climbs 2%
David Moadel's November 12, 2026 article for 247wallst.com reports that Jensen Huang resigned as NVIDIA's CEO, president and board member effective immediately, with CFO Colette Kress serving as interim CEO while the board searches for a successor. The article says Broadcom rose 5% to $363.99 and AMD climbed 2% to $562.44 — William Blair upgraded AMD citing NVIDIA's leadership uncertainty — while NVIDIA fell 5% to $164.32, and 247wallst.com reports money rotating into chip rivals, suggesting investors may prefer smaller chip exposure until the CEO search is resolved.
