Charles Hoskinson Says Buy This Stock As Neoclouds Suffer Nvidia's Crisis Lockridge Okoth Thu, November 12, 2026 at 10:53 AM EST 2 min read NVDA -4.60% ADA-USD -4.49% CRWV -6.23% NBIS -17.34% AMD +5.67% Trade NVIDIA 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.
Nebius shares fell 19% and CoreWeave lost 12% on Thursday after Jensen Huang resigned as Nvidia CEO. Cardano founder Charles Hoskinson says one stock stands to gain.
Both firms rent out AI computing power built on Nvidia chips, a group investors call neoclouds. Their shareholders now depend on a supplier run by an interim chief.
Nvidia announced that Chief Financial Officer Colette Kress will serve as interim CEO. She joined the company in 2013.
Charles Hoskinson, founder of the Cardano blockchain and CEO of Input Output, made his call in a post.
"Nvidia just replaced a visionary engineer founder with a CFO. Buy AMD stock," Hoskinson stated.
Kress keeps the CFO job for now. The board says it will weigh internal and external candidates for the permanent role.
AMD was already moving before Huang left Nvidia. BeInCrypto reported the stock had climbed 40% from its November 5 low, putting AMD's $600 target in view.
AMD rose about 3% and Broadcom gained as much as 6% Thursday morning.
Nebius released quarterly results the same day. It said 2026 revenue will land at the low end of its $3 billion to $3.4 billion forecast.
The company blamed third-party capacity slipping into early 2027, according to its shareholder letter. It also raised planned 2026 spending to about $27 billion, up from $20 billion to $25 billion.
Across the group, the Roundhill Neocloud ETF fell more than 12% before the opening bell. IREN dropped about 8%.
These companies were already facing rising AI debt costs as Treasury yields topped 5%. Nvidia reports quarterly results on November 17, its first under Kress.
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