Nvidia CEO Exit Reports Sends Shockwaves Through AI Chip Stocks -- AMD and Broadcom Stocks Jump

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This article first appeared on GuruFocus. Nvidia's leadership uncertainty is putting alternative AI chip suppliers in the spotlight, as investors consider whether the company's grip on the accelerator market could weaken if its chief executive faces an exit. Advanced Micro Devices (AMD) gained more than 4%, while Broadcom (AVGO) advanced about 3%. Alphabet (GOOGL) edged up 1%, compared with a roughly 9% decline in Nvidia (NVDA). Warning! GuruFocus has detected 3 Warning Signs with NVDA. Is GOOGL fairly valued? Test your thesis with our free DCF calculator.GOOGL GF Value chart The market reaction followed reports that Nvidia's board was considering removing Chief Executive Jensen Huang.