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via finance.yahoo.comTech & AI

Nvidia CEO Jensen Huang resigns; AMD and Broadcom rise, CoreWeave and Nebius fall

FROM THE WIRE · FINANCE.YAHOO.COM

AMD (AMD) stock rose about 3% while Broadcom (AVGO) jumped as much as 6% Thursday morning following news that Nvidia CEO Jensen Huang resigned and the company board named CFO Colette Kress as interim chief executive officer. The companies are rivals to Nvidia (NVDA). The price…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe resignation of an AI mega-cap CEO and declines in Nvidia-linked stocks weigh on the semiconductor complex.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Huang resigned and the board named CFO Colette Kress interim CEO.
  2. 02CoreWeave fell 12% and Nebius 19%, while AMD rose about 3%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
NVIDIA CorporationNVDAStock162.80 USD+5.18%today -6.29%Negative Advanced Micro Devices, Inc.AMDStock568.55 USD+1.55%today +2.83%Positive Broadcom Inc.AVGOStock360.12 USD+0.63%today +4.32%Positive Nebius Group N.V.NBISStock130.68 USD+5.48%today -15.52%Negative CoreWeave, Inc. Class A Common StockCRWVStock56.76 USD+7.40%today -6.60%Negative Taiwan Semiconductor Manufacturing Company LimitedTSMStock402.38 USD-0.93%today -2.65%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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