US Stock Movement | Nvidia Falls into Leadership Turmoil, Rival AMD (AMD.US) Rises Over 2% in Pre-market Trading

According to Golden Ten Data, on Thursday, shares of NVIDIA competitor Advanced Micro Devices (AMD.US) rose more than 2% in pre-market trading, while Broadcom (AVGO.US) was up over 1%. In terms of news, NVIDIA announced that CEO Jensen Huang has resigned, and CFO Colette Kress has taken over as interim CEO. According to technology analysts, NVIDIA has long dominated the artificial intelligence accelerator market, but given the current developments, the successor to Jensen Huang may become rather conservative in leadership. NVIDIA is unlikely to be as aggressive in setting and exceeding targets as it has been over the past two or three years. This could benefit its competitors. If NVIDIA's internal issues affect client relationships, AMD and Broadcom are likely to be the biggest beneficiaries.