AI-linked stocks pared losses after Nvidia shares fell as much as 14.3% and were last down 5.4%, with the company’s market value on track to close below $4 trillion. AMD and Broadcom rose more than 4% each, while Nvidia-backed Nebius shed 18% after cutting its 2026 revenue forecast.
Nvidia shares were last down 5.4% after falling as much as 14.3% earlier in the session, as investors assessed the fallout from CEO Jensen Huang’s departure. Chief Financial Officer Colette Kress will serve as interim CEO while the company searches for a permanent successor. Nvidia’s market value was on track to close below $4 trillion for the first time since July 2025, after shedding more than $1 trillion over the past month.
Nvidia-backed CoreWeave fell 8.1%, while Nebius shed 18% after cutting its 2026 revenue forecast because of delays in third-party capacity additions. Super Micro Computer dropped 12% after a report that it could face a Justice Department probe focused on Alice Huang’s involvement. Advanced Micro Devices and Broadcom rose more than 4% each, as investors weighed whether Nvidia’s turmoil could create an opening for rivals.
Investors are also weighing Nvidia’s role in financing infrastructure built around its chips, a strategy that has drawn scrutiny over circular funding. The Philadelphia SE Semiconductor index was last down 0.9%, recovering from a loss of as much as 3.7%. Nvidia is due to report quarterly earnings next week.
