ATLAS News · Markets

AMD and Broadcom Shares Rise as Nvidia CEO Jensen Huang Resigns

Published November 12, 2026 · 6 sources

AMD and Broadcom shares moved higher after reports that Nvidia CEO Jensen Huang resigned, and William Blair upgraded AMD to Outperform.

What happened

Shares of Advanced Micro Devices and Broadcom rallied as investors rotated away from Nvidia, according to Benzinga, Yahoo Finance and Investing.com. Yahoo Finance and Investing.com link the move to the resignation of Nvidia CEO Jensen Huang.

Separately, TradingView and MarketBeat report that William Blair raised its rating on AMD to Outperform from Market Perform. TradingView adds that across the five most recent analyst notes on AMD over the past 30 days, price targets range from $550 to $700.

Schaeffer's Investment Research says analysts are backing AMD stock amid what it calls a scandal involving Nvidia's chief executive.

Context

Nvidia, AMD and Broadcom are all major players in the market for chips used in artificial intelligence and data centers, so news at one of them often draws attention to the others.

Why it matters

Leadership news at Nvidia and analyst rating changes can influence how investors view the competitive position of AMD and Broadcom.

Stocks in this story

Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.

Advanced Micro DevicesAMD

+5.86%

Technology · NASDAQ

Live price

$534.18▲ +5.86%

live price · USD

Close on November 12: $585.30+5.86% vs. previous close ($552.90)
Chance of a rise in 1 month: 44%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $434.05 and $612.15; 9 in 10, between $320.01 and $830.27.

See the full ATLAS analysis of Advanced Micro Devices →

BroadcomAVGO

+5.54%

Technology · NASDAQ

Live price

$338.18▲ +5.54%

live price · USD

Close on November 12: $364.36+5.54% vs. previous close ($345.22)
Fair value (ATLAS): $219.82Fair range: $172.09 to $286.09The price ($338.18) is 53.8% above that figure.
Chance of a rise in 1 month: 47%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $301.29 and $372.18; 9 in 10, between $249.83 and $448.85.

See the full ATLAS analysis of Broadcom →

Closing prices, fair value and probabilities: ATLAS own data. How we calculate fair value.

Market indices

Latest close of the ETFs that track the main US indices (SPY, QQQ, DIA), from ATLAS data.

S&P 500 (SPY): 757.12 (−0.35%) · November 12

Nasdaq-100 (QQQ): 688.17 (−0.32%) · November 12

Dow Jones (DIA): 522.47 (−0.38%) · November 12

Sources

ATLAS writes its own summaries from the reporting of these outlets. Each link opens the original publisher.

AMD, Broadcom Stocks Gain as Investors Rotate Away From Nvidia: What’s Going On? · Benzinga · November 12, 2026
William Blair upgrades Advanced Micro Devices to Outperform from Market Perform · TradingView · November 12, 2026
Advanced Micro Devices (NASDAQ:AMD) Stock Rating Raised to "Outperform" at William Blair · MarketBeat · November 12, 2026
Analysts Back AMD Stock Amid Nvidia CEO Scandal · Schaeffer's Investment Research · November 12, 2026
AMD, Broadcom stocks jump as Nvidia CEO Jensen Huang resigns · Yahoo Finance · November 12, 2026
AMD, Broadcom shares rally as Nvidia CEO Huang resigns · Investing.com · November 12, 2026

Latest market news · Markets today on ATLAS · Advanced Micro Devices · Broadcom

What you get with ATLAS

Create my ATLAS account →

Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.

Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer