NVDA — NVIDIA Corporation - Common Stock
Session close: $166.19. Regular-session share volume: 620,570,995. Change from previous close: -4.34%.
Key developments
Nvidia's founder and chief executive Jensen Huang resigned effective immediately amid a widening scandal over relationships with employees and a suspected Chinese intelligence asset, with CFO Colette Kress named interim CEO and a board search underway for a permanent replacement. The board had publicly backed Huang days earlier before reversing course.
Company news Jensen Huang Scandal Widens: Former Nvidia CEO Linked to Second Employee · Company news Warren Buffett Said ‘We Can Afford to Lose Money’ But Not ‘Even a Shred of Reputation’ — Nvidia’s Board Just Showed What That Means With Jensen Huang’s Exit
Wall Street slashed price targets en masse, with Evercore downgrading and cutting its target sharply, citing a lack of a visible second-in-command and compressing valuation multiples as the semiconductor cycle matures. Analysts also flagged slowing capital-spending revisions from Nvidia's largest cloud customers.
Company news Wall Street Takes the Chainsaw to Nvidia Targets: One Bank Slashes $465 to $186
A short seller's earlier report alleging Chinese demand reached Nvidia through Southeast Asian intermediaries is back in focus, and rivals such as AMD and Broadcom rose as investors bet on share shifts. Nvidia still plans to report quarterly results as scheduled, with Kress leading.
Company news Short Seller Flagged Nvidia China Worries Months Ago: Here’s How Much Stock Has Fallen Since · Company news Jensen Huang Scandal Widens: Former Nvidia CEO Linked to Second Employee
News sources
Company news Short Seller Flagged Nvidia China Worries Months Ago: Here’s How Much Stock Has Fallen Since · Company news Jensen Huang Scandal Widens: Former Nvidia CEO Linked to Second Employee · Company news Wall Street Takes the Chainsaw to Nvidia Targets: One Bank Slashes $465 to $186 · Company news Former Nvidia CEO Jensen Huang Had An Intimate Relationship With A Second Employee, Sources Say · Company news Warren Buffett Said ‘We Can Afford to Lose Money’ But Not ‘Even a Shred of Reputation’ — Nvidia’s Board Just Showed What That Means With Jensen Huang’s Exit · Company news Nvidia Crisis – Visionary Huang’s Resignation Puts America's AI Advantage at Risk; Gold Falls Below $4000 · Company news Jensen Huang Is Out At Nvidia: 4 Private Equity Giants with Big Bets on Its AI Infrastructure Future