Jensen Huang has confirmed his resignation, and Wall Street has two levels of opinion on his target price. Has Nvidia's investment logic changed?
Little Tigers, Jensen Huang, the most legendary CEO of the AI era, has truly handed over the scepter! Affected by the extramarital affair scandal and subsequent compliance and governance investigations, Nvidia officially announced that its board of directors has approved Jensen Huang's resignation as president, CEO, and director, effective immediately. Current CFO Colette Kress has been appointed as interim CEO, while senior semiconductor veteran Harvey C. Jones has been appointed as the first Chairman of the Board! Following the news, Nvidia (NVDA) shares fell by more than 10% in pre-market trading, but the decline widened to 14% after the market opened, ultimately narrowing to 4% at the close, wiping out approximately $420 billion in market capitalization in a single day! So, with that "Old Huang" who wore a leather jacket and gave orders on stage gone, is Nvidia still worth buying? Has the investment logic changed? What is the future of Nvidia?