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Is Nvidia Stock A Buy Right Now After Jensen Huang’s Resignation?
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
Nvidia shares are trading near $156 after Jensen Huang’s resignation, about 35% below their October peak, and some investors see the selloff as a buying chance. Agar Capital, writing on Seeking Alpha, kept a Strong Buy rating with a $220 target, arguing that Nvidia’s order book, technology lead and long-term AI demand remain intact while its valuation has fallen sharply. RBC’s Srini Pajjuri also stayed positive with a Buy rating but cut his target from $330 to $230. Others are more cautious. Morgan Stanley removed Nvidia from its top picks this week, warning that Huang’s leadership was central to its strategy, and a CEO transition plus tighter export rules remain major risks. The next big signal comes on November 17, when Nvidia reports third-quarter results. The company guided for about $108 billion in revenue, and consensus expects $108.99 billion, up 91.2%, with earnings of $2.49 a share. Nvidia has beaten earnings estimates in each of the past four quarters.
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