AMD and Broadcom rebound after Nvidia CEO resigns; whether they can break NVDA's monopoly on AI chips remains to be seen
2026-11-13 19:36:09
According to CoinMeta, the stocks of AMD and Broadcom saw a significant increase on November 12 after Nvidia CEO Jensen Huang resigned. The stock price of AMD rose by about 5.4%, while Broadcom increased by 5.5%. However, the stock price of Nvidia fell by 4.34% to $166.19, despite its board of directors confirming that CFO Colette Kress will temporarily take over as the CEO. This fluctuation in stock prices raised doubts among the market about whether competitors will be able to gain market share from Nvidia's dominant position. According to the financial report on November 3, AMD's revenue in the third quarter increased by 45% to $13.38 billion, with data center revenue surging by 97% to $8.55 billion. AMD also expects revenue in the fourth quarter to be around $17 billion, indicating that management anticipates significant growth. Broadcom reported revenue of $29.6 billion in the fiscal third quarter, a year-on-year increase of 86%.
Source:Coinpaper
This content is for market information only and does not constitute investment advice.
Follow CoinMeta official accounts to stay updated

Hot Articles
Refresh

NVIDIA's stock tumbles 9% after the latest announcement; what impact will NVIDIA's decline have on the AI industry?
11-12 16:08

Is the Tangem wallet secure? No need to memorize a mnemonic phrase, can beginners use it with confidence?
11-12 17:31

SOL Currency's Latest Price Outlook: Can It Break Through the $90 Barrier?
11-11 11:59

Dow Jones 1,000-Point Swings: CPI Reversal or Bull Trap?
11-10 16:56

Coinbase Is the exchange safe? How can beginners in 2026 download and register?
11-09 19:09



