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Nvidia shares drop 30% after CEO Jensen Huang resigns, but strong AI demand keeps growth outlook robust.

Market News
13 Nov 2026, 21:31 WIB
Seeking Alpha
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Bullish
Nvidia shares drop 30% after CEO Jensen Huang resigns, but strong AI demand keeps growth outlook robust.

Nvidia's CEO Jensen Huang has resigned, causing the company's shares to fall about 30% in just over a month. Despite this leadership change, strong investments from hyperscalers and asset managers in AI infrastructure support ongoing demand for Nvidia's products. The company projects fiscal Q3 revenue growth of around 90%, with a gross margin near 74% and earnings per share expected to grow similarly. After the recent selloff, Nvidia's valuation appears attractive compared to peers like AMD, suggesting potential for significant upside despite risks related to China and the CEO transition.

Nvidia's shares are currently priced at USD 162.45 on Pluang, down 2.25% as of Nov 14, 2026 02:41 WIB, reflecting some of the market's reaction to the CEO resignation. Despite this, Nvidia holds a substantial market cap of $4.01 trillion, indicating strong investor interest compared to other tech stocks. The typical hold time of 117 days on Pluang suggests that investors are moderately patient with Nvidia's stock amid ongoing sector volatility.

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