Charles Hoskinson Says Buy This Stock As Neoclouds Suffer Nvidia's Crisis
Shares of Nebius and CoreWeave fell sharply Thursday after Jensen Huang stepped down as Nvidia CEO, while Cardano founder Charles Hoskinson advised buying AMD stock.
Shares of Nebius and CoreWeave fell 19% and 12% respectively Thursday after Jensen Huang resigned as Nvidia CEO. Both companies rent out AI computing power built on Nvidia chips, a group investors call neoclouds. Their shareholders now depend on a supplier run by an interim chief.
Hoskinson's AMD recommendation
Nvidia announced Chief Financial Officer Colette Kress will serve as interim CEO, having joined the company in 2013. Charles Hoskinson, founder of the Cardano blockchain, made his stock recommendation in a post.
Nvidia just replaced a visionary engineer founder with a CFO. Buy AMD stock.
Mixed performance factors
AMD was already moving before Huang left Nvidia, climbing 40% from its November 5 low toward a $600 target. The stock rose about 3% Thursday morning, while Broadcom gained as much as 6%.
Nebius's drop wasn't solely due to Nvidia's leadership change. The company released quarterly results Thursday, forecasting 2026 revenue at the low end of its $3 billion to $3.4 billion range and raising planned 2026 spending to about $27 billion.
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