Nvidia Heads for Worst Week in a Year as Jensen Huang Steps Down
Nvidia shares are set for their worst week in over a year after CEO Jensen Huang resigned, and Truist and Craig-Hallum downgraded the stock to Hold.
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what happened
Nvidia (NVDA) shares are on track for their worst weekly performance in more than a year, according to Stocktwits, after Jensen Huang resigned as chief executive of the AI chipmaker following a scandal and federal investigations. He had led the company for 33 years. The stock has lost 10.9% so far this week.
Colette Kress, the longtime CFO, was named interim CEO, and Harvey Jones was appointed chairman. The crisis began when Huang acknowledged a relationship with a former executive at Megaspeed International, a Singapore-based Nvidia customer under U.S. scrutiny over possible unauthorized chip shipments to China. Later reports said he had relationships with other employees as well.
Truist cut its rating to Hold from Buy and lowered its price target to $174 from $346, while Craig-Hallum moved to Hold from Buy and reduced its target to $180 from $275. Retail traders remain bullish, with 58% of Stocktwits poll respondents buying the dip.
why it matters
The departure of a leader analysts see as central to the company, combined with a wave of downgrades, adds uncertainty around the stock and the AI trade. Scrutiny of chip exports to China adds regulatory risk. The gap between retail optimism and cautious professional analysts stands out.
market impact
Nvidia: CEO exit and downgrades weigh on the stock and the AI chip sector
- Nvidia shares pressure down — leadership vacancy and downgrades add uncertainty to the stock
tags
instruments
on polymarket
sources
- NVDA Stock Heads for Worst Week In Over A Year As Jensen Huang’s CEO Saga Ends: Are Retail Traders Still Buying The Dip? — Stocktwits, 13 November 2026 at 03:29 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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