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Nvidia sinks, AMD and Broadcom rally: How chip stocks have traded amid Jensen Huang controversy

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⚡ Instant Key Takeaways (TL;DR)
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Core Development: Nvidia sinks, AMD and Broadcom rally: How chip stocks have traded amid Jensen Huang controversy
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Market & Financial Impact: The after-hours moves followed a volatile session for Nvidia, whose shares had fallen as much as 14% during regular trading before recovering some losses. The stock managed to close above the $4 trillion market capitalisation mark, CNBC reported.
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Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.

Nvidia shares fell 4.34% to $166.19 in after-hours trading on Friday, while rival chipmakers Advanced Micro Devices (AMD) and Broadcom moved in the opposite direction, gaining 5.86% and 5.54%.

AMD shares traded at $585.30, while Broadcom was at $364.36 in after-hours trade on November 13.

The after-hours moves followed a volatile session for Nvidia, whose shares had fallen as much as 14% during regular trading before recovering some losses. The stock managed to close above the $4 trillion market capitalisation mark, CNBC reported.

The divergence between Nvidia and its rivals has been more pronounced over the week. According to CNBC, Nvidia shares have plunged 11% so far this week, while AMD has gained 30% and Broadcom has advanced 24%.

Taiwan Semiconductor Manufacturing Company (TSMC), which manufactures Nvidia's most advanced processors, has also rallied 11% over the same period.

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Official Publisher Attribution: This report is aggregated from Moneycontrol. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
Read Original Full Coverage on Moneycontrol ↗
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