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Nvidia stock plunges 33% after CEO Jensen Huang resigns amid scandal, but buy rating remains.

Technical Signals
12 Nov 2026, 17:00 WIB
Seeking Alpha
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Bearish
Nvidia stock plunges 33% after CEO Jensen Huang resigns amid scandal, but buy rating remains.

Nvidia Corporation's stock dropped 33% following the resignation of CEO Jensen Huang due to a scandal involving an admitted affair with an alleged Chinese spy. Despite the leadership turmoil, the company maintains strong growth forecasts through fiscal year 2028 and trades at a reasonable valuation of 14 times next twelve months earnings per share. Technical analysis suggests the stock may stabilize with key support between $146 and $153, while resistance is now at $164 to $200. Investors are advised to consider adding Nvidia shares cautiously through the end of the year, balancing potential gains with the risk of further declines below $146.

Following the news of CEO Jensen Huang's resignation, Nvidia shares have seen notable selling pressure. On Pluang, NVDA trades at USD 160.22, down 7.78% as of Nov 12, 2026 22:11 WIB, with a market cap of $4.20 trillion. Despite the drop, the majority of Pluang investors remain buyers, with 69% of order activity favoring purchases and a typical hold time of 118 days.

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