THE CRISIS AT NVIDIA OPENED A WINDOW FOR ITS COMPETITORS
જ⁀➴
Jensen Huang’s departure from Nvidia’s helm shocked the market, but the waters are beginning to settle.
Shares plunged 14.3 percent before regaining some ground and closing down 5 percent. Colette Kress took the helm on an interim basis, but the truth is that the market was already expecting trouble. The board’s investigation had already cast uncertainty over the situation.
While some mourn, others smile. CoreWeave fell more than 8 percent, but AMD and Broadcom rode the wave of optimism about the possibility of gaining market share.
The semiconductor index held up fairly well, closing down just 0.9 percent. The key lesson for traders is always to compare the day’s low with the closing price. The initial panic can conceal great opportunities.
$BARD
$PLAY
$DODOX
#chipstocksextendlossesafternvidiaceochange
જ⁀➴
Jensen Huang’s departure from Nvidia’s helm shocked the market, but the waters are beginning to settle.
Shares plunged 14.3 percent before regaining some ground and closing down 5 percent. Colette Kress took the helm on an interim basis, but the truth is that the market was already expecting trouble. The board’s investigation had already cast uncertainty over the situation.
While some mourn, others smile. CoreWeave fell more than 8 percent, but AMD and Broadcom rode the wave of optimism about the possibility of gaining market share.
The semiconductor index held up fairly well, closing down just 0.9 percent. The key lesson for traders is always to compare the day’s low with the closing price. The initial panic can conceal great opportunities.
$BARD
$PLAY
$DODOX
#chipstocksextendlossesafternvidiaceochange
