The clearest market verdict on Jensen Huang’s resignation was not only Nvidia’s fall. Nvidia closed Thursday down 4.34 percent at 166.19 dollars, while Broadcom rose 5.54 percent to 364.36 dollars and AMD rose about 6 percent, both among the S&P 500’s leaders on the day. The semiconductor basket as a whole fell only 0.26 percent, which makes the session a rotation inside the AI chip trade rather than an exit from it.
The Motley Fool attributed Broadcom’s rally directly to the opportunity created by Huang’s departure, noting that Broadcom designs the custom accelerators that hyperscalers use as an alternative to Nvidia GPUs, including the TPU programme it runs with Alphabet. CoinDesk reporting carried the same read for AMD, whose shares rose as investors reassessed the AI chip competitive order.
Broadcom’s move also caps a strong week. The stock is up 24.98 percent over the past week in the estate market tables, helped by the broader chip rebound and by its position in Alphabet’s custom silicon supply chain. Its next company test is scheduled, not rumoured: Broadcom reports fiscal fourth quarter results on December 9. Nothing in Thursday’s move came from a Broadcom announcement, and the story should be read as positioning around Nvidia, covered in full in today’s lead story, rather than as new Broadcom fundamentals.