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Nvidia CEO resignation sparks stock drop, but fundamentals and outlook remain strong, buy rating upheld.

Market News
12 Nov 2026, 22:51 WIB
Seeking Alpha
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Bullish
Nvidia CEO resignation sparks stock drop, but fundamentals and outlook remain strong, buy rating upheld.

Nvidia's CEO Jensen Huang abruptly resigned, causing a sharp decline in the company's stock price. Despite this, the company's business fundamentals and near-term sales outlook remain solid, supported by strong customer commitments and a capable leadership team. The market reaction is seen as overdone, with Nvidia now trading at a low forward earnings multiple of 10.4x. There is potential upside to $191–$226 per share if share buybacks increase and leadership stabilizes, with current risks largely priced in.

Nvidia shares are trading at USD 166.72 on Pluang as of Nov 13, 2026 04:01 WIB, down 4.03% in the past day. Despite the CEO's sudden resignation, the stock remains actively traded with a volume of 281,514,030 and a market cap of $4.20 trillion. Investor sentiment on Pluang shows a strong buy bias, with 84% of orders favoring purchases over sales at this time.

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