NVIDIA's longtime co-founder and CEO Jensen Huang suddenly resigned on November 12, shaking up the chip industry.
Investors reacted fast: AMD and Broadcom shares jumped 5.86% and 5.54%, while NVIDIA's stock dropped by as much as 4.34%.
The move signals that people see fresh chances for NVIDIA's rivals to catch up.
AMD Broadcom may gain AI-chip share
With Huang gone, companies like AMD and Broadcom could grab a bigger slice of the AI chip market.
Founder of SS WealthStreet Sugandha Sachdeva points out that demand for AI tech is still strong, so competitors might benefit as cloud providers and tech firms rethink where they get their chips.
All eyes are now on how NVIDIA and its rivals play their next moves.