On the day Jensen Huang stepped down as Nvidia CEO, the company’s shares closed down 4.34% at $166.19.
According to Odaily, citing an 8-K filing, the board accepted Huang’s resignation as president, CEO, and director on November 11, U.S. time, effective immediately, and announced it publicly on the 12th. Colette Kress, who has served as CFO since 2013, will become interim CEO while retaining her current role. The search for a permanent successor has begun, with both internal and external candidates under consideration. After the leadership change was announced, the stock fell as much as about 14% intraday.
· On the same day, AMD and Broadcom rose about 5.9% and 5.5%, respectively, while the S&P 500 and Nasdaq each fell about 0.4%.
· The Q3 earnings report is still scheduled for release at around 05:20 Beijing time on November 18.
Would you first look at what Kress says on the earnings call about the pace of Vera Rubin deliveries, or at next quarter’s revenue guidance?
$NVDA $AMD
According to Odaily, citing an 8-K filing, the board accepted Huang’s resignation as president, CEO, and director on November 11, U.S. time, effective immediately, and announced it publicly on the 12th. Colette Kress, who has served as CFO since 2013, will become interim CEO while retaining her current role. The search for a permanent successor has begun, with both internal and external candidates under consideration. After the leadership change was announced, the stock fell as much as about 14% intraday.
· On the same day, AMD and Broadcom rose about 5.9% and 5.5%, respectively, while the S&P 500 and Nasdaq each fell about 0.4%.
· The Q3 earnings report is still scheduled for release at around 05:20 Beijing time on November 18.
Would you first look at what Kress says on the earnings call about the pace of Vera Rubin deliveries, or at next quarter’s revenue guidance?
$NVDA $AMD
