3 min read
It has been a week to remember in the investing world.
Nvidia (NVDA) ousting of legendary founder Jensen Huang was in no way on my bingo card coming into 2026. Huang’s fall from C-suite grace is the most stunning I have ever seen and may ever see again in my career.
People in the tech world I have talked to are simply stunned at the out-of-the-blue turn of events. They are very angry with Jensen and, in the same breath, are worried about the lasting damage to the company he founded in 1993.
Many have wondered if they will be forced to diversify from Nvidia chips should the company lose its design prowess. That shift could bring massive changes to the supply chain feeding the AI infrastructure boom.
Some have told me the outlook for neoclouds such as CoreWeave (CRWV) is riskier in a world without Huang at the helm — the bank of Jensen was a great backstop.
Against this backdrop, of course, Nvidia’s stock has tanked. The Jensen premium is evaporating, and it’s hard to envision where the company will be 18 to 24 months from now in terms of its vital product roadmap.
Does the company even hold its splashy GTC events in 2027? Why bother — they have always been Jensen shows. It’s probably best to cancel them so a new CEO can review the business and decide whether to bring them back in 2028.
“I mean, Jensen has been probably the most prominent CEO over the last couple of years. Or, you know, in the top couple. So I don’t know what this change portends. It’s just, it’s change,” Reddit co-founder and CEO Steve Huffman told me at Yahoo Finance Invest. “Nvidia is a very important company. So look, I am watching along with everybody else where this goes.”
162.85 -3.34 (-2.01%)
At close: November 13 at 4:00:01 PM EST
161.01 -1.84 (-1.13%)
After hours: November 13 at 7:59:56 PM EST
You are probably wondering if you should buy Nvidia stock right now. I am not going to say whether you should buy, sell, or hold it. That’s not my job anymore.
But I will give you several things you want to start seeing from Nvidia before hitting the buy button on its bruised stock. Use these as guideposts — not all of them have to happen at once.
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A story floating is that the permanent CEO search is down to three or fewer candidates, and that it will be an external hire. I just don’t trust the insides of Nvidia’s culture at the moment.
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That same story saying the permanent CEO search is down to three or fewer very big names in the tech industry. I truly believe this is a moment where Nvidia should give former Apple (AAPL) CEO Tim Cook whatever he wants to take the job for the next two to three years.
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The board comes back from its investigation and concludes 1) Jensen didn’t have more affairs with direct reports (this matters, I think, because you could lose key talent if he did have more affairs with direct reports); and 2) Jensen didn’t divulge company secrets to the reported Chinese spy he was having an affair with.
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Interim CEO Colette Kress comes out on the earnings call next week with clear guidance on how much stock Nvidia plans to buy in the current quarter under its historic new $150 buyback authorization. She also overshares on Nvidia’s long-term product roadmap.
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Nvidia adds several new board members who have significent semiconductor experience.
Brian Sozzi is Yahoo Finance’s Executive Editor, host of the Sozzi Unleashed morning show, the ‘Power Players With Brian Sozzi’ podcast and a member of Yahoo Finance’s editorial leadership team.
