Nvidia succession uncertainty opens door for Google TPU and Broadcom, analyst says

What happened: Nvidia CEO Jensen Huang resigned with immediate effect, ending a 33-year tenure amid a governance crisis. CFO Colette Kress became interim chief executive while the board seeks a permanent successor. Key numbers: NVDA fell 4.9% on Thursday. AVGO rose 5.8%, GOOGL 2.8%, AMD 5.4%, MediaTek (TW:2454) fell 3.5% in Taiwan trading. Why it matters: TF International's Ming-Chi Kuo said succession uncertainty opens room for Google's TPU ecosystem, with Broadcom and MediaTek a near-term market focus. He called Huang's exit a one-time clearing event for NVDA. Market: +1.0% today ($582.02), +160.4% YTD, 1.0x vol — as of 18:32 UTC

Nvidia CEO Jensen Huang resigned with immediate effect, ending a 33-year tenure amid a governance crisis. CFO Colette Kress became interim chief executive while the board seeks a permanent successor.

TF International's Ming-Chi Kuo said succession uncertainty opens room for Google's TPU ecosystem, with Broadcom and MediaTek a near-term market focus. He called Huang's exit a one-time clearing event for NVDA. Market: +1.0% today ($582.02), +160.4% YTD, 1.0x vol — as of 18:32 UTC