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Nvidia Loses Its Founder, AMD and Broadcom Take the Crown: This Week on Wall Street
For three years, Wall Street bought the artificial intelligence boom through one ticker . This week, it went shopping for substitutes. Nvidia Corp. (NASDAQ:NVDA) founder Jensen Huang resigned as CEO and board member Thursday after the board opened a probe into reports that he had been targeted by a foreign intelligence effort. Chief financial officer Colette Kress is now interim CEO. The money did not leave the chip trade. It changed address. Advanced Micro Devices Inc. (NASDAQ:AMD) and Broadcom Inc.
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