AMD, Broadcom climb as Nvidia turmoil creates opportunity
AMD•Shares of Advanced Micro Devices rose about 3.5% and Broadcom gained 1.8% in premarket trading, bucking a broader selloff in AI-related stocks as Nvidia fell 6.9%.
1. Chipmakers rise
Shares of Advanced Micro Devices and Broadcom rose about 3.5% and 1.8%, respectively, in premarket trading, despite a broader selloff in AI-related names after weakness in Nvidia weighed on sentiment. Wealth Club chief investment strategist Susannah Streeter said a leadership vacuum could give the competitors more room to maneuver, and that they could benefit if uncertainty at Nvidia persists.
