Nvidia’s leadership crisis rattles the AI trade. Here’s how we’re adjusting our portfolio

Nvidia’s leadership upheaval unsettled investors and sent its shares down nearly 13% over the week, even as US markets recovered from earlier losses. The article says uncertainty around CEO Jensen Huang added to concerns about the AI trade, while fears of further Federal Reserve rate rises also pressured markets.

The S&P 500 rose 2.5% for the week and the Nasdaq gained 2.3%; Nvidia fell 2% on Friday alone. The article reports that longtime CFO Colette Kress became interim CEO after Huang resigned, and says the portfolio plans to sell Intel and buy AMD when trading restrictions allow, citing AMD’s prospects in data-centre chips.