AI TRENDS | AI-Related Stocks Fall After Hours as Nvidia Reportedly Plans to Oust Jensen Huang

AI-related stocks fell after Wednesday's close, with Nvidia shares dropping as much as 10% in after-hours trading. According to Sina Finance, media reports said Nvidia's board was preparing to remove CEO Jensen Huang. CoreWeave fell more than 7%, while IREN and Nebius each dropped more than 4%. Server makers Super Micro Computer and Dell Technologies fell more than 4%, and optical component makers Lumentum and Fabrinet declined more than 3%. The VanEck Semiconductor ETF (SMH) fell more than 3%. Intel lost 3%, Marvell fell 3.4%, KLA declined 2.9%, and Micron Technology dropped 3%. Nvidia competitors Broadcom and AMD rose more than 3% each.