AMD Stocks Fall 6.46% After 30% Weekly Surge on Nvidia Leadership Shock

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This article first appeared on GuruFocus. Advanced Micro Devices (NASDAQ:AMD) shares fell 6.46% to $547.52 as of 9:53 a.m. ET in Friday's regular session on November 13, handing back part of a run fueled by Jensen Huang's exit from Nvidia. The chipmaker had gained about 30% this week through Thursday, including a 5.86% jump on Thursday, as money rotated toward rival AI processor designers. Warning! GuruFocus has detected 7 Warning Signs with AMD. Is AMD fairly valued? Test your thesis with our free DCF calculator.AMD GF Value chart The rally rested on a simple idea. Mizuho's Farzin Azam told IBTimes that chip designers without Nvidia's leadership problems should win, naming AMD and Broadcom. The bear case also got louder.