Nvidia CEO Exit Reports Sends Shockwaves Through AI Chip Stocks -- AMD and Broadcom Stocks Jump Nauman Khan Thu, November 12, 2026 at 6:51 AM EST 1 min read NVDA -7.66% AMD +2.67% AVGO +1.40% GOOGM 0.00% AMZN +0.63% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
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).
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The market reaction followed reports that Nvidia's board was considering removing Chief Executive Jensen Huang. The company was also reportedly consulting an outside firm about possible candidates to take over his position.
A potential leadership transition could create opportunities for other chip suppliers to attract customers seeking alternatives to Nvidia. AMD competes directly in accelerator processors, while Broadcom supplies custom AI chips and networking technology. Alphabet and Amazon (AMZN) also offer internally developed processors for AI computing.
Analyst Mandeep Singh said competing suppliers could gain market share if Nvidia becomes less aggressive in pursuing its growth targets. However, the extent of any shift in customer demand remains uncertain.
