Nvidia Shares Slide After CEO Resignation as AMD and Broadcom Rise, AI Stocks Tumble

Market reaction to Nvidia leadership change

In Wednesday’s late after‑hours trading, Nvidia shares fell 8.62% following reports that the board was preparing to oust CEO Jensen Huang.

During the same session, AMD gained 4.32% and Broadcom advanced 2.39% as investors shifted focus to rival chipmakers.

Later in the day, broader market indices moved lower, with the Nasdaq index down 5.13%, the S&P 500 down 3.89%, and the Dow Jones down 3% as investors reassessed exposure to artificial‑intelligence‑related stocks.

Within that sell‑off, AI‑linked companies experienced pronounced declines: Nvidia dropped 8.57%, AMD fell 15.10%, and Micron slipped 15.18%.

Other semiconductor names showed resilience; Broadcom stock rose 4.6% as attention turned to its position in the AI supply chain.

Analyst Bernstein responded to the leadership uncertainty by cutting its Nvidia price target to $200.