AMD and Broadcom rise in premarket trading after reports claim Nvidia board is preparing to remove Jensen Huang

Shares of Advanced Micro Devices and Broadcom gained in Thursday premarket trading after media reports said Nvidia’s board was preparing to oust founder and chief executive Jensen Huang, a move that traders appeared to read as disruptive to Nvidia’s leadership and strategy.

The report, carried by The Wall Street Journal and referenced in an investing market update published on Yahoo Finance, suggested that Nvidia’s board is taking steps that would remove Huang from day-to-day control, according to the market reaction reflected by AMD and Broadcom’s stock price moves.

While investors weighed the possibility of a leadership change at the center of the artificial intelligence chip boom, AMD and Broadcom stood to benefit from any perceived loosening of Nvidia’s grip on accelerator design, AI networking, and related supply chains.

Broadcom, which sells a mix of semiconductors and infrastructure software, is closely watched by investors when AI hardware demand shifts among suppliers. Its rise in premarket trading indicated that the market was scanning for second-order effects across the broader data center ecosystem rather than focusing only on Nvidia itself.

AMD, the other company highlighted by the market move, has been positioning itself as an alternative supplier for data center compute. The immediate share gains suggested that traders saw potential upside for competitors if Nvidia’s internal direction were to change, even though the reported steps were not yet confirmed as a final outcome.

Beyond the companies named in the market update, the episode underlined how sensitive semiconductor stocks can be to perceived governance and strategy risk at key platform leaders. In periods of heavy AI investment, investors often treat leadership continuity as a proxy for execution on product road maps, partnerships, and supply commitments.

The companies did not provide additional disclosures in the market update beyond the reported equity reaction. The underlying governance process at Nvidia, including the timing, whether any vote is planned, and who would replace Huang, was not detailed in the information relayed through the Yahoo Finance item.