Jensen Huang’s downfall has investors betting on his cousin’s chipmaker instead
Advanced Micro Devices, the primary competitor to Nvidia when it comes to designing chips for the artificial intelligence industry, has seen its shares rise more than 30 percent in recent days as investors bet that it would benefit from the struggles of now-ousted Nvidia CEO Jensen Huang.
TL;DR
- AMD's stock price has risen more than 30 percent.
- Investors are betting AMD will benefit from Nvidia CEO Jensen Huang's recent struggles.
- AMD CEO Lisa Su and Nvidia CEO Jensen Huang are first cousins.
- Both Su and Huang were born in Taiwan and moved to the U.S. as children.
- Nvidia was quicker to leverage GPUs for AI, becoming a $4 trillion company.
- Jensen Huang resigned following allegations of infidelity and a relationship with a customer suspected of being a Chinese spy.