AMD and other chip stocks slide as Wall Street rethinks the AI trade without Jensen Huang

Shares of AMD and other chip companies have taken a hit as Wall Street starts to reassess its bets on artificial intelligence without the influential leadership of Jensen Huang, the visionary CEO of Nvidia, whose guidance has been pivotal in driving the AI chip market. The market's shift suggests a recalibration of expectations and valuations for the sector, highlighting the significant role key industry leaders play in shaping investor confidence. This change could indicate a period of volatility and reevaluation for chip stocks, as the industry grapples with the absence of a guiding figure like Huang.