BUZZ - As the market evaluates the impact of Jensen Huang's departure on Nvidia, AI stocks decline

November 13 - ** As investors weigh the potential ripple effects of Jensen Huang stepping down as CEO of NVIDIA NVDA.O (link), related artificial intelligence stocks fell in response

** Jensen Huang's resignation comes at a time when his relationship with a businesswoman allegedly engaged in espionage for Chinese intelligence agencies is under close scrutiny (link)

** Robert Pavlik, senior portfolio manager at Dakota Wealth, said that investors are questioning whether growth can continue to support the current valuations of artificial intelligence and semiconductor stocks

** "Everyone is trying to figure out what exactly is happening with the AI theme, and whether this will lead to a slowdown in AI capital expenditures and data center capex. This is causing a ripple effect throughout the entire technology sector," said Greg Taylor, Chief Investment Officer at PenderFund Capital Management

Chip stocks

** NVDA NVDA.O fell 4.1%, AMD AMD.O dropped 11.1%

** Marvell MRVL.O declined 7%, Micron MU.O fell 5.2%, Applied Materials AMAT.O decreased 6%

** Intel INTC.O dropped 4.6%, Qualcomm QCOM.O fell 4%, ARM Holdings ARM.O, o9Ty.F fell 7.8%

** The US-listed shares of SK Hynix SKHY.O 000660.KS and TSMC TSM.O 2330.TW dropped 5% and 2.7% respectively

NEOCLOUDS

** The share prices of Nebius NBIS.O, CoreWeave CRWV.O, and IREN IREN.O each fell about 8.8%

Data storage companies

** Seagate Technology STX.O fell 5%, Western Digital WDC.O fell 6.7%

** SanDisk SNDK.O dropped 8.2%

Server manufacturers

** Dell DELL.N fell 9.4%, Hewlett Packard HPE.N fell 5.5%

** Super Micro Computer SMCI.O fell 3.1%

Data center operators

** Core Scientific CORZ.O fell 2.3%, Applied Digital APLD.O dropped 9.1%, Hut 8 Corp HUT.O fell 9.6%

** The Philadelphia Semiconductor Index .SOX dropped 5.2% and, including this day's decline, has risen 40.3% so far this year

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