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This article first appeared on GuruFocus. Advanced Micro Devices Inc. (AMD, Financials) surged 30% this week as investors looked to alternatives to Nvidia's chips after CEO Jensen Huang resigned.Broadcom jumped 24% and Taiwan Semiconductor Manufacturing Co rose 11%. Shares of Nvidia dropped 11% in the same time.The shift in leadership has prompted worries about whether Nvidia can continue to maintain its edge in AI chips and secure production capacity.Analysts claimed Huang's contacts with vendors helped Nvidia get vital components ahead of competitors.His departure might offer AMD and other chipmakers a chance to boost their market positions.
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