Nvidia Sinks, Competitors Gain as Huang Scandal Spurs Downgrades

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Shares of Nvidia Corp. (NVDA) fell as much as 8.1% in premarket trading following reports the AI chipmaker’s board is working with an outside firm to identify potential replacements for Chief Executive Officer Jensen Huang. The move follows reports of extramarital affairs, including with an alleged Chinese spy. Wall Street sentiment toward Nvidia is starting to crack. At least four analysts have downgraded their ratings on the stock since Huang admitted over the weekend that he had an extramarital affair.
- Some chipmakers and neoclouds are being dragged in the same direction, though Nvidia competitors such as Advanced Micro Devices (AMD) and Broadcom (AVGO) move higher as markets weigh CEO Jensen Huang's fate.

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