Jensen Huang’s departure from Nvidia has triggered heavy volatility across the technology market as investors assess the impact on chipmakers, neoclouds and other participants in the artificial intelligence race. Investors bought shares of Advanced Micro Devices and Broadcom, both up about 17% over the past week, while CoreWeave and Dell Technologies declined as they face greater exposure to Nvidia’s infrastructure. AMD could capture orders for AI graphics processors, while Broadcom and Alphabet may benefit from increased demand for chips tailored to specific artificial intelligence workloads. Arista Networks is also viewed as a potential beneficiary of greater adoption of specialized accelerators and open Ethernet architectures. Conversely, CoreWeave and Dell face risks from reduced Nvidia financing and chip deliveries, while tighter US restrictions on chip sales to China could weigh on demand and pricing.
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