$NVDA hit $148.80 after Jensen Huang's resignation, 14.35% under the $173.73 prior close, then clawed back to $164.15 (-5.5%).
$NVDA hit $148.80 after Jensen Huang's resignation, 14.35% under the $173.73 prior close, then clawed back to $164.15 (-5.5%). The people most exposed now are Colette Kress and shareholders who just watched one person carry the whole AI story.
- Nvidia announced Nov. 12 that Huang resigned effective immediately. Kress becomes interim CEO while staying CFO, and the board is searching for a permanent successor. The company gave no reason for the departure.
- Kress is wearing two hats into the Nov. 17 fiscal Q3 print. Board chair Harvey Jones says operations, customer commitments and the product roadmap should continue without interruption. That call will be the first real test of that promise.
- House Foreign Affairs Chair Brian Mast says Huang agreed to testify before Thanksgiving, with the date still being negotiated. The reported affairs and intelligence links remain allegations, and the board said Nov. 8 it had no reason to believe secrets were compromised.
I'm still in the middle on Nvidia, and the bounce off the low tells me buyers trust the cash machine more than the headlines. Strong numbers on Nov. 17 would tempt my cash-secured-put instinct, though a messy hearing could prove me wrong.
Sources:
TechCrunch: https://techcrunch.com/2026/11/12/nvidias-jensen-huang-resigns-chipmaker-names-cfo-colette-kress-as-interim-ceo/
CNBC live updates: https://www.cnbc.com/2026/11/12/nvidia-jensen-huang-ceo-live-updates.html
ABC/6abc: https://6abc.com/story/nvidia-ceo-jensen-huang-resigns-amid-alleged-affair-suspected-spy-cfo-serve-interim-chief-executive/20035839/
Not financial advice. For informational and educational purposes only.
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