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Nvidia Crisis Alters Chip Race
Nvidia’s leadership crisis and the sudden resignation of its founder, Jensen Huang, have reshuffled gains across the semiconductor sector, as the company’s shares fell amid investigations and turmoil. AMD shares rose 30% and Broadcom’s climbed 24%. Analysts say Nvidia’s rivals could close a technology gap of no more than a year, while cloud-computing companies such as Amazon and Google may accelerate the development of their own chips. Taiwan Semiconductor Manufacturing Company (TSMC), along with analog and defense chipmakers such as Texas Instruments, Analog Devices, and Infineon, are also seen as potential beneficiaries as investors diversify their portfolios.
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