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US Stocks

AMD Falls 9% as Chip Rally Stalls After Huang Exit

AMD shares dropped 9% on Friday as a broad semiconductor rally lost momentum following Nvidia CEO Jensen Huang’s exit. Broadcom and Marvell also declined more than Nvidia, though all three chipmakers still held onto double-digit gains for the week. The pullback marks a pause in a sector-wide advance that had lifted chip stocks sharply.

Original source

AI take

The telling detail is that AMD, Broadcom and Marvell fell harder than Nvidia itself, suggesting the pullback hit the wider complex rather than the name at the centre of the story. That the group still held double-digit weekly gains frames this as a pause in momentum, not a reversal. The open question is whether the sector's advance resumes without the figure whose exit coincided with the stall, or whether the broader chip trade now lacks a catalyst.

Generated by AI for reference only.

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