AI stocks slide as markets weigh impact of Huang's departure from Nvidia

** AI linked stocks fell as investors weighed the potential ripple effects of Jensen Huang's exit as Nvidia's NVDA.O CEO

** Huang's resignation came amid scrutiny over ties to a businesswoman suspected of spying for Chinese intelligence

** Robert Pavlik, senior portfolio manager at Dakota Wealth says that investors are questioning whether growth can continue to support current valuations across AI and semiconductor stocks

** "Everyone's just trying to figure out what's going on with the AI theme and whether that's going to result in a slowdown of AI capex and data-center capex. That's having a knock-on effect across the technology sector," says Greg Taylor, chief investment officer at PenderFund Capital Management

CHIPS

** NVDA NVDA.O down 4.1%, AMD AMD.O slips 11.1%

** Marvell MRVL.O falls 7%, Micron MU.O fall 5.2%, Applied Materials AMAT.O slides 6%

** Intel INTC.O shed 4.6%, Qualcomm QCOM.O down 4%, ARM Holdings , slipped 7.8%

** US-listed shares of SK Hynix 000660.KS and TSMC 2330.TW slid 5% and 2.7%, respectively

NEOCLOUDS

** Nebius NBIS.O, CoreWeave CRWV.O and IREN IREN.O slid around 8.8% each

DATA STORAGE COMPANIES

** Seagate Technology STX.O falls 5%, Western Digital WDC.O down 6.7%

** Sandisk SNDK.O slides 8.2%

SERVER MAKERS

** Dell DELL.N down 9.4%, Hewlett Packard HPE.N fell 5.5%

** Super Micro SMCI.O slipped 3.1%

DATA CENTER OPERATORS

** Core Scientific CORZ.O declines 2.3%, Applied Digital APLD.O loses 9.1%, while Hut 8 Corp HUT.O down 9.6%

** The Philadelphia semiconductor index .SOX fell 5.2%, with index up 40.3% YTD including session's move