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Nvidia CEO Jensen Huang resigns amid scandal, causing stock uncertainty despite strong AI demand.

Market News
13 Nov 2026, 03:00 WIB
Seeking Alpha
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Bearish
Nvidia CEO Jensen Huang resigns amid scandal, causing stock uncertainty despite strong AI demand.

Nvidia's CEO Jensen Huang has resigned following allegations of involvement with a potential Chinese spy, though no wrongdoing has been confirmed. This leadership change creates uncertainty about Nvidia's future valuation, which has adjusted downward from previous $325 price targets to around $245. Despite this, Nvidia's stock remains attractive at about 10 times projected earnings for 2028, supported by strong demand for AI chips and supply constraints. Investors face near-term volatility but may find long-term opportunity in the company's AI market position.

Nvidia's market cap stands at $4.20 trillion as of Nov 13, 2026, 08:21 WIB, with a daily trading volume of 281,514,030 shares on Pluang. The stock price is currently USD 168.42, down 3.06% in the last day, while the dividend yield remains modest at 0.58%. Pluang investors show strong buying interest, with 84% of order activity on the platform being buys at this time.

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