There’s a “tremendous” amount of bad news priced into Nvidia (NVDA), says Tally Leger, who believes the fallout could have long-term implications for the AI giant. Tally weighs in on the CEO search following Jensen Huang's departure and the potential advantage it could provide competitors such as Broadcom (AVGO) and AMD Inc. (AMD). He also assesses the semiconductor space more broadly, describing the situation as an “Armageddon-level moment" for the industry that could remain priced in for the foreseeable future.