AMD Tumbles 11%, Broadcom and Intel Slide 6% as Chip Rally Reverses
David Moadel's 247wallst.com article reports that the November 12 rotation out of NVIDIA into rivals is unwinding in a tech-led selloff, with AMD down 11% to $523.22, Broadcom and Intel down 6%, and NVIDIA down 4%, a day after CEO Jensen Huang's abrupt resignation sent money toward AMD and Broadcom. Moadel calls the AMD drop best explained as profit-taking after a fast run, though AMD's Q3 revenue rose 44.7% to $13.38 billion.
