AMD, Broadcom rally as Nvidia faces a major leadership test

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This article first appeared on GuruFocus. Following Nvidia CEO Jensen Huang's doubt, AMD (AMD, Financials) surged 4.36% in after-hours trading Wednesday as investors focused on competing chip businesses.Broadcom rose 2.40% while Nvidia plunged 8.61%, erasing a 2.87% regular session gain.The Wall Street Journal claimed that Nvidia's board was discussing Huang's future and temporary leadership.Huang has managed Nvidia since 1993 and oversaw its AI computing growth.AMD and Nvidia compete in AI accelerators and data center CPUs, while Broadcom delivers AI infrastructure chips and networking equipment.Analysts like all three firms despite uncertainties.AMD's average price objective is $650.41, up 26%, according to TipRanks.