Charles Hoskinson Names a Stock to Watch as Nvidia Shake-Up Hits Neoclouds

TL;DR

• Cardano founder Charles Hoskinson pointed to AMD stock following Jensen Huang’s sudden resignation as Nvidia CEO.
• Nebius and CoreWeave shares came under pressure as investors reassessed risks across the AI infrastructure sector.
• Nebius lowered its 2026 revenue expectations to the bottom of its previous forecast and increased its capital spending plan to approximately $27 billion.
  

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Charles Hoskinson, the founder of Cardano, has drawn attention to Advanced Micro Devices (AMD) after Jensen Huang’s abrupt departure from Nvidia triggered fresh uncertainty across the artificial intelligence industry. His comments came as companies that rely heavily on Nvidia hardware faced renewed investor scrutiny.

Nvidia just replaced a visionary engineer founder with a CFO. Buy AMD stock https://t.co/BzG2ESV6HP

— Charles Hoskinson (@IOHK_Charles) November 12, 2026

Hoskinson shared his view in a post on social media, suggesting that investors look at AMD following Nvidia’s leadership change. The statement puts the spotlight on a major semiconductor competitor at a time when the AI computing market is reassessing its exposure to a single dominant supplier.

Hoskinson Points To AMD After Nvidia Leadership Change

Nvidia confirmed that Huang resigned as president, CEO and board member, effective immediately. The company appointed longtime CFO Colette Kress as interim CEO while its board searches for a permanent replacement.

Kress joined Nvidia in 2013 and will retain her financial leadership responsibilities during the transition. The board also appointed Harvey Jones as its first chair. Nvidia has said its operations, customer commitments and technology roadmap remain on track.

Hoskinson’s recommendation reflects a broader investment question about competition in AI infrastructure. AMD has been expanding its data center business with its Instinct accelerators, including the MI300 and newer MI350 product families. These processors compete for workloads that have traditionally relied on Nvidia GPUs.

For crypto investors, the development also matters because blockchain infrastructure increasingly depends on powerful computing resources. AI and decentralized computing may compete for capital, energy and data center capacity, while advances in accelerator technology could eventually broaden the hardware options available to infrastructure providers.

Nebius And CoreWeave Face Additional Pressure

Nebius and CoreWeave experienced sharp share price declines as investors reacted to Nvidia’s leadership transition. Both companies operate AI-focused cloud infrastructure businesses that use high-performance Nvidia chips to provide computing capacity to customers.

However, Nvidia’s leadership change was not the only factor affecting Nebius. The company reported third-quarter revenue of approximately $981 million, beating analyst expectations, but said its 2026 revenue would reach the lower end of its previous $3 billion to $3.4 billion guidance.

Nebius attributed the adjustment to delays in third-party capacity expected to become available later than planned. It also increased its 2026 capital expenditure outlook to approximately $27 billion, compared with its previous range of $20 billion to $25 billion.

The company projected 2027 revenue of $12 billion to $13 billion and expects customer prepayments and financing arrangements to cover a substantial portion of planned investment.