BUZZ - U.S. stocks related to artificial intelligence decline, impacted by leadership crisis at Nvidia

November 12 - ** U.S. stock markets related to artificial intelligence fell again in pre-market trading after reports that chip manufacturing giant Nvidia NVDA.O's board of directors held a meeting on Wednesday to discuss (link) the potential removal of CEO Jensen Huang

** Traders are concerned (link) that NVDA might abandon its strategy of financing data centers under new leadership

Chips

** NVDA shares fell 5.7%, making it one of the biggest decliners in the sector

** Marvell MRVL.O, Applied Materials AMAT.O, and Intel INTC.O dropped between 1.45% and 2%

** Micron MU.O declined by 2.5%, while Western Digital WDC.O and SanDisk SNDK.O fell between 2.2% and 3.6%

NEOCLOUDS

** CoreWeave CRWV.O fell 5% after Bloomberg News reported (link) the company plans to raise at least $4 billion by issuing high-grade bonds

** Peer company IREN IREN.O dropped 2.8%, while Nebius NBIS.O remained flat ahead of its earnings report

Data center operators

** Core Scientific CORZ.O fell 1.5%, Applied Digital APLD.O dropped 1.3%, and Hut 8 Corp HUT.O declined 2%

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