Major Nvidia leadership shake-up! Jensen Huang resigns as CEO, NVDA plunges 14% intraday, AMD and Broadcom surge against the trend, and international crude oil jumps 3.3%.
01 | Nvidia officially announces CEO change
Jensen Huang has resigned as Nvidia CEO and director. CFO Colette Kress will serve as interim CEO while the company begins its search for a permanent successor.
02 | NVDA narrows losses after plunging intraday
Nvidia shares fell as much as about 14% intraday, but ultimately closed down 4.3%. The market is still assessing the impact of the management changes.
03 | Retail investors buy the dip in force
Institutions estimate that Nvidia attracted about $111 million in net retail buying during the first half-hour after the open, setting a record for opening-hour purchases in the relevant data.
04｜AMD rises 5.9% against the trend
As Nvidia faces management turmoil, AMD is showing strength, bringing the competitive landscape for AI chips into focus.
05｜Broadcom rises 5.5%
AVGO climbed against the trend, indicating that capital is not fleeing the AI chip industry wholesale.
06｜All three major U.S. stock indexes close lower
The Dow fell 0.36%, the S&P 500 fell 0.35%, and the Nasdaq fell 0.39%. Losses were limited overall.
07｜Small caps underperform
The Russell 2000 fell about 1.66%, markedly underperforming the three major indexes as risk appetite remained cautious.
08｜AI infrastructure companies under pressure
Nebius fell 16.8% after reporting earnings and issuing its outlook. AI computing companies continue to face scrutiny over financing costs and profitability.
09｜Brent crude surges 3.3%
Brent settled at $95.82 a barrel as risks to Middle East energy supplies drove prices higher again.
10｜WTI crude also rises
WTI rose 2.6% to settle at $88.74 a barrel, providing support for the energy sector.
11｜Security of Saudi energy facilities in focus
Houthi forces claimed to have attacked Saudi energy facilities, while Saudi Arabia said it intercepted drones, raising regional supply risks.
12｜Risks to shipping through the Strait of Hormuz persist
Iran reported that tankers had come under attack in the strait, but some details have yet to be independently verified. Markets are watching the security of energy transport.
13｜Trump sends a hard-line message on Iran
Trump said the U.S. does not need to reach an agreement with Iran, and tensions in the Middle East continue to affect energy prices.
14｜U.S. 10-year Treasury yield rises to around 5.12%
Rising oil prices and inflation pressures pushed Treasury yields higher, while the high-rate environment continues to weigh on growth-stock valuations.
15｜Markets await U.S. PPI
Interest-rate futures have fully priced in expectations for at least one 25-basis-point Fed rate hike by December. PPI could be the next major catalyst.
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Market overview
📉 U.S. stocks: The three major indexes edged lower as market sentiment remained cautious.
💻 Semiconductors: Nvidia came under pressure, while AMD and Broadcom rose against the trend, signaling a clear rotation of capital within the industry.
🛢️ Crude oil: Brent surged 3.3%, putting Middle East geopolitical risks back in focus.
📈 U.S. Treasuries: The 10-year yield rose to around 5.12%, as markets remained concerned about further Fed rate hikes.
₿ Cryptocurrencies: Watch how BTC, ETH, and SOL move in tandem with risk appetite in U.S. stocks. The latest comprehensive ETF fund flows are still awaiting verification.
🥇 Gold and silver: Watch the combined impact of the dollar, real interest rates, and geopolitical risks. This edition does not cite unverified real-time prices.
Key takeaways today:
A management shake-up at Nvidia is a major event affecting global sentiment toward AI investment.
However, gains in AMD and Broadcom against the trend suggest that capital is not leaving the AI industry altogether, but is reassessing the competitive positions of different companies.
Meanwhile, rising Brent crude prices and Treasury yields are once again exposing markets to inflation and interest-rate pressures.
The three most important questions to watch next:
① Can Nvidia stabilize its leadership team and restore market confidence?
② Can the relative strength of AMD and AVGO continue?
③ Will rising oil prices push inflation and Treasury yields higher still?
The key for markets right now is not simply to decide whether to be broadly bullish or bearish, but to identify which sectors are attracting capital.