NVIDIA Leadership Crisis Opens Door for Chip Rivals? ETFs in Focus

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NVIDIA's NVDA leadership turmoil is creating an opportunity for rival semiconductor companies to gain ground in the artificial intelligence (AI) chip market. Following Jensen Huang's resignation, investors are shifting toward competitors such as Advanced Micro Devices AMD, Broadcom AVGO and Taiwan Semiconductor Manufacturing Company TSM, betting that the disruption could weaken NVIDIA's dominance. NVDA shares lost 4.3% yesterday, while AMD added 5.9% and AVGO added 5.5%. Huang, who co-founded Nvidia and led it for 33 years, resigned on Thursday after two separate extramarital affairs — one with an alleged Chinese spy and the other with an employee — were made public.