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Nvidia CEO resigns amid investigation; CFO takes over as demand outlook stays strong.

Market News
12 Nov 2026, 20:30 WIB
Seeking Alpha
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Bearish
Nvidia CEO resigns amid investigation; CFO takes over as demand outlook stays strong.

Nvidia's CEO Jensen Huang abruptly resigned during an ongoing investigation, with CFO Colette Kress appointed as interim CEO. Despite this leadership shakeup, Nvidia's near-term demand and earnings outlook remain strong due to pre-scheduled chip orders from hyperscalers. However, investor confidence may waver, potentially pressuring Nvidia's valuation, which currently trades below the sector median. Market volatility and uncertainty are expected to continue until leadership clarity is restored, possibly benefiting competitors like AMD and Broadcom.

Nvidia's market cap stands at $4.20 trillion with a dividend yield of 0.58%, while Broadcom holds a market cap of $1.65 trillion and a slightly higher dividend yield of 0.75% as of Nov 13, 2026 01:51 WIB. Despite Nvidia's CEO resignation, the stock price on Pluang dropped 5.30% in one day, contrasting with Broadcom's 5.36% gain. Pluang order activity shows 69% buying interest in Nvidia and 61% in Broadcom, reflecting ongoing investor engagement amid leadership uncertainty.

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