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Nvidia (NVDA) stock sank as much as 9% Thursday morning as the scandal surrounding CEO Jensen Huang weighed on shares, while rivals Broadcom (AVGO) and AMD (AMD) gained on bets that its troubles could send more chip business their way. AMD (AMD) stock rose more than 1% while Broadcom (AVGO) edged higher. The stocks extended gains following a jump on Wednesday. (AVGO ) Go deeper with AlphaSpace 345.22 +13.24 (+3.99%) At close: November 11 at 4:00:00 PM EST 349.76 +4.54 (+1.32%) Pre-Market: 8:45:24 AM EST AVGONVDA AMD The rest of the AI sector didn't fare as well. Shares of Nvidia-backed neocloud provider CoreWeave (CRWV) dropped 10% in pre-market trading on Thursday, giving back some of the prior session's gains sparked by a strong quarterly print.
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