Nvidia Shares Slip Below $165 Following CEO Jensen Huang's Sudden Departure
Nvidia shares dropped to approximately $165 this week after co-founder Jensen Huang abruptly resigned as CEO and left the board, prompting investors to weigh whether the steep pullback offers a buying opportunity.
📈MarketsPhoto: Motley Fool
Key points
- Jensen Huang resigned as CEO and board member, effective immediately.
- CFO Colette Kress was named interim CEO while a permanent search is underway.
- Nvidia shares trade roughly 33% below recent highs, with third-quarter earnings set for November 17.
Nvidia shares fell to roughly $165 following the unexpected announcement that co-founder Jensen Huang stepped down as president, CEO, and board member, effective immediately. The sudden leadership change leaves the stock trading about 33% below its all-time high set less than six weeks ago. Financial documents filed with the SEC did not disclose a reason for the departure, though reports indicate the board weighed potential removal amid personal conduct concerns.
Interim Leadership and Board Changes
Chief Financial Officer Colette Kress stepped into the interim CEO role while retaining her finance duties. The board also appointed Harvey Jones, former CEO of Synopsys, as its first-ever chair to strengthen oversight during the search for a permanent leader from both internal and external candidates. Leadership emphasized that operations, customer commitments, and product roadmaps will proceed without interruption.
Financial Strength and Upcoming Earnings
Despite the executive shakeup, Nvidia's underlying financials remain robust. Fiscal second-quarter revenue surged 106% year over year to $96.2 billion, with data center revenue jumping 117%. Management previously projected roughly $108 billion in third-quarter revenue, with the upcoming earnings report and conference call scheduled for Tuesday, November 17 after the market closes.
Valuation and Market Outlook
At current levels near $163 per share, Nvidia trades at roughly 11 times forward earnings and maintains a $235 billion share buyback authorization. While the valuation appears attractive for a highly profitable firm, market participants are weighing the risks of losing a visionary leader alongside natural deceleration in revenue growth. Observers suggest waiting for the upcoming earnings call and further developments in the CEO search before making investment decisions.
Source Motley Fool — fool.com/investing/2026/11/14/nvidia-stock-falls-below-usd165-after… ↗
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