One pre-market session is already chipping away at Thursday's "dump Nvidia, buy its rivals" trade.
One pre-market session is already chipping away at Thursday's "dump Nvidia, buy its rivals" trade. That tells me the rotation was mostly panic. Nobody actually repriced who wins AI chips.
- Thursday, Nov. 12: $NVDA fell as much as 14.3% intraday after Jensen Huang resigned. It recovered to close down 4.34% at $166.19. CFO Colette Kress is interim CEO, and the company's release gave no reason for the resignation.
- Same day, AMD closed up 5.86% at $585.30 and Broadcom closed up 5.54% at $364.36. Reports tied those gains to speculation that a leaderless Nvidia hands share to its rivals.
- Friday, Nov. 13 pre-market: Nvidia is at $168.94, up 1.65%. AMD is at $573.35, down 2.04%, and Broadcom is at $358.50, down 1.61%.
- A CEO leaving doesn't change the chips already in customers' racks. That's the kind of thing that would flip my mixed view on Nvidia. Until a customer moves orders, the rotation looks like a guess.
Pre-market isn't a full session, so I could be wrong if the selling resumes after the open. I'm still skeptical on semis overall, but a quality name dropping 14% intraday on a leadership change is the kind of move I'd rather sell puts into than chase rivals on.
Source:
Invezz: https://invezz.com/news/2026/11/13/amd-broadcom-stocks-fall-2-as-nvidia-rebounds-is-wall-street-switching-sides/
Not financial advice. For informational and educational purposes only.
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