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    HedgeWeekly Stockwatch: Nvidia without Huang, Cisco lifts its outlook

    Nvidia names an interim chief, Cisco and Applied Materials report, and AMD gains as Nvidia slips.

    HedgeWeekly Markets Desk ·

    NVDA, Nvidia: Jensen Huang resigned as CEO and director on Thursday. CFO Colette Kress is interim CEO, and Senate Banking chair Tim Scott has asked Huang to testify in December. Bull case: The board says operations, customer commitments and the product roadmap continue without interruption. Bear case: No timeline for a permanent CEO; congressional scrutiny is rising before Tuesday's results.

    CSCO, Cisco Systems: Quarterly revenue rose 24% to $18.5 billion, with networking up 43%. Cisco lifted its full-year outlook to $74.8 billion to $75.8 billion. Bull case: It now expects about $9 billion of hyperscaler revenue this fiscal year, double last year. Bear case: Order growth slowed to 21% from 35%, Investing.com said, and gross margin slipped.

    AMAT, Applied Materials: Fourth-quarter revenue rose 53% to $10.41 billion. It guided first-quarter revenue to about $11.10 billion, against $10.89 billion expected, Investing.com said. Bull case: Guidance came in above forecasts, and the shares are up more than 41% this year. Bear case: China made up 25% of quarterly sales, exposing it to tighter export rules.

    AMD, Advanced Micro Devices: AMD and Broadcom each rose more than 5% on Thursday as Nvidia fell, on expectations that Nvidia's governance troubles could open up market share, Investing.com said. Bull case: Buyers see a chance to win share while Nvidia's leadership is unsettled. Bear case: Analysts told MarketWatch AMD could also face closer scrutiny of its sales practices.

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