AMD's Double-Digit Gain Absorbed Nvidia's Semiconductor Shock
Advanced Micro Devices surged about 13 percent Monday, its best session in six months, while Nvidia dropped roughly five percent on a board probe and mounting law-enforcement scrutiny of CEO Jensen Huang. The Philadelphia Semiconductor Index still rallied nearly seven percent, and Seoul's Kospi jumped 4.39 percent Tuesday — breadth absorbed a markdown confined to the AI leader.
ew York, Nov. 10 — Monday's chip tape split the AI capex supercycle into two stories: idiosyncratic leadership risk at Nvidia, and renewed appetite for everything else in the silicon stack. Advanced Micro Devices jumped 13 percent to about $508, its strongest close in six months, according to Stocktwits market coverage. Nvidia fell 4.3 percent at the cash close — intraday draws nearer 5.5 percent — leaving it the only major U.S. chip name in the red while Broadcom, Micron, Intel, and Marvell advanced with it, per GuruFocus. The PHLX Semiconductor Index still finished up 6.85 percent, a breadth reading CAPITAL has not seen since the autumn relief rallies Culled tracked after the Nasdaq's AI correction. The friction was never demand. Nvidia's board said Nov. 8 that…
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