🚨 $NVDA JUST LOST THE MAN WHO BUILT ITS AI EMPIRE.
After 33 years, Jensen Huang has officially stepped down as NVIDIA’s President, CEO, and board member, effective immediately.
Colette Kress is taking over as interim CEO while the board searches for a permanent replacement, considering both internal and external candidates. Harvey C. Jones, former Synopsys CEO, has also been appointed NVIDIA’s first-ever board chair.
The market reaction is brutal. $NVDA is down 10.5% premarket at $155.43, compared with yesterday’s $173.73 close.
But the biggest test is still ahead.
NVIDIA’s November 17 earnings report will be the first major opportunity for the new leadership to reassure investors. Revenue, guidance, and confidence in the AI roadmap will matter more than ever.
After 33 years, Jensen Huang has officially stepped down as NVIDIA’s President, CEO, and board member, effective immediately.
Colette Kress is taking over as interim CEO while the board searches for a permanent replacement, considering both internal and external candidates. Harvey C. Jones, former Synopsys CEO, has also been appointed NVIDIA’s first-ever board chair.
The market reaction is brutal. $NVDA is down 10.5% premarket at $155.43, compared with yesterday’s $173.73 close.
But the biggest test is still ahead.
NVIDIA’s November 17 earnings report will be the first major opportunity for the new leadership to reassure investors. Revenue, guidance, and confidence in the AI roadmap will matter more than ever.
