‘Nothing has changed’: Why some Nvidia stock bulls aren’t wavering after Jensen Huang ouster

Wall Street hasn’t totally given up on Nvidia’s (NVDA) stock. While there has been a steady stream of price targets this week and a few downgrades, a lot of analysts who cover the company are staying bullish.

Their argument is captured in one note from Wedbush analyst Matthew Bryson.

“Nothing has changed,” Bryson wrote on Friday ahead of Nvidia’s earnings next week.
“We again expect NVDA to exceed its forecast and to guide FQ4 above Street.”

His rationale hinges on three points:

  • “Management has tended to leave a fair bit [of] wiggle room in guidance, allowing for meaningful upside when reporting numbers and we expect NVDA will deliver another beat and raise quarter.”

  • “A strong hyperscaler spending backdrop augmented by increased spending at neoclouds and model builders (in particular xAI) is persisting into the out quarters as highlighted by results and guidance from Taiwan Semiconductor, AMD, SuperMicro, Foxconn, etc. as well as our own supply chain checks.”

  • “We believe NVDA has built a best in industry position with material and component suppliers through at least next year at a point where component and material access, not end demand, is defining shipments.”

The Nvidia logo is seen at the company’s Taipei office in Taipei, Taiwan, November 12, 2026. REUTERS/Ann Wang · REUTERS / REUTERS

It has been a brutal week for the once-untouchable Nvidia founder Jensen Huang.

Huang was ousted as CEO of the company he founded in 1993 amid a shocking turn of events.

According to the New York Times, Huang, whose relationship with a woman alleged to be a Chinese spy has embroiled the company in scandal this week, also had a relationship with Nvidia executive Kimberly Powell, one of Huang’s 60 or so direct reports.

Reuters reported late Thursday that Huang had a relationship with another Nvidia employee. The employee’s name was not released. Huang has been married to his wife Lori for more than 40 years.

While Nvidia looks for a successor, the board has installed longtime CFO Colette Kress as interim CEO.

Interestingly, Nvidia’s stock is only down 12% for the week. We say only because, at one point, not seeing Huang atop Nvidia would have been unthinkable, and given the leadership uncertainty, one would think the stock would be down a lot more.

“Questions about data center financing, politics, and most significantly, former CEO Jensen Huang’s sudden resignation have seemingly sucked up the oxygen that had been fueling NVDA’s momentum since the release of ChatGPT4.0,” Bryson said.

Some oxygen is still being pumped into Nvidia’s stock, it appears.

Follow Brian Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email him at brian.sozzi@yahoofinance.com.



Source link

Visited 1 times, 1 visit(s) today

Related Article

Daily Market Price Updates and Commentary 13th November 2026

  ICE Futures U.S. Sugar No.11 Contract Settlement (cUS$/lb) Open High Low Last Volume O/I Life High Life Low Mar27 18.41 0.19 ▲ 18.26 18.54 18.16 18.40 59,672 545,655 21.29 14.42 May27 17.91 0.19 ▲ 17.75 18.01 17.66 17.90 33,373 217,928 20.40 14.29 Jul27 17.56 0.18 ▲ 17.41 17.65 17.32 17.54 18,492 145,689 19.81 14.27

Ed Yardeni Spots a Buying Opportunity in AI Stocks

This article first appeared on GuruFocus. Ed Yardeni sees the selloff following Jensen Huang’s resignation from Nvidia (NASDAQ:NVDA) as a buying opportunity for AI stocks. The Yardeni Research president expects the investment boom to continue under interim CEO Colette Kress. His call hinges on whether Nvidia keeps financing companies that are building out demand for

Chipotle Bought Back Stock at $34.05 a Share Last Quarter. Is It Still a Buy Today?

Chipotle‘s (CMG +0.18%) stock closed at a record high of $68.55 per share on June 18, 2024. At the time, investors were impressed by the fast-casual restaurant chain’s robust comparable-store sales growth, ongoing expansion, and rising restaurant-level operating margins. But today, it trades at about $35. It pulled back as its comps growth cooled down

If the Stock Market Crashes, These Are the First 3 Dividend Stocks I Want to Buy

I’m not predicting another stock market crash anytime soon. However, I already know which dividend stocks I’ll be looking to buy if it does. Coca-Cola (KO +1.71%), Procter & Gamble (PG +1.13%), and Waste Management (WM +0.09%) operate resilient businesses with impressive dividend-growth track records. The only thing holding me back from buying more shares

Applovin Corp Stock (APP) Moved Up by 4.17% on Nov 13: What Investors Need To Know

AppLovin has experienced sustained upward momentum driven by strong institutional accumulation and growing confidence in the company’s artificial intelligence-powered advertising infrastructure. A primary catalyst behind the stock’s appreciation is the continued commercial validation of its Axon 2.0 recommendation engine. The platform has demonstrated exceptional efficiency in audience targeting and ad delivery, which has expanded the

Arista Networks Inc Stock (ANET) Moved Down by 4.90% on Nov 13: What Investors Need To Know

Arista Networks faced notable downward pressure as broader market risk aversion and profit-taking hit artificial intelligence infrastructure and networking equipment providers. Following an extended run-up driven by the buildout of next-generation data centers, investors have grown increasingly sensitive to the capital expenditure trajectory of major hyperscalers. Heightened scrutiny over the timing, financing, and return on

Stock Market Turbulence: 5 Stocks Down 40% or More That I’d Buy Right Now

It’s been a rough stretch for growth stocks. The AI trade has cooled, and Nvidia (NVDA -4.06%) just lost its legendary CEO. And to say that the stock market has been volatile since the midterm elections would be an understatement. However, when markets get choppy, some great businesses get dragged down with everything else, and

Prediction: This Data Center Stock Will Keep Sliding in 2027

Applied Digital (APLD -5.36%) shares have lost about 30% since 2026 began, even as the S&P 500 (^GSPC -0.35%) gained 12%, and the Nasdaq Composite (^IXIC -0.39%) added 10%. Still, it’s up by about 250% over the last three years — not bad. While the company had its beginnings in the crypto mining space, it

East Texas students test financial skills in annual Junior Achievement Stock Market Challenge

More than 680 students from across East Texas gathered at the W.T. Brookshire Conference Center on Tuesday to put their financial knowledge to the test during Junior Achievement of Tyler’s annual Stock Market Challenge. The event brought together students from several Tyler ISD campuses, along with students from Jacksonville, Lindale, Chapel Hill and Whitehouse ISDs,

SpaceX Stock Price Could Surge as Tesla Merger Talks Advance

SpaceX and Tesla could announce a historic merger as early as December, bringing Elon Musk’s ambitions in AI, robotics, electric vehicles and aerospace under one corporate structure. The proposed $3.4 trillion combination could also unite more than 30,000 Bitcoin. However, valuation, shareholder ownership and regulatory hurdles remain unresolved. Here are three key factors investors should

Bekaert: Update on the Share Buyback Program and the Liquidity Agreement

Update on the Share Buyback Program and the Liquidity Agreement Period from 5 November 2026 to 11 November 2026 Share Buyback ProgramOn 26 February 2026, Bekaert announced the start of the next tranche of its share buyback program, for a total maximum consideration of up to € 75 million. As announced previously, the purpose of the Program

Korea’s top brokerages see combined Q3 profit plunge 80%

Sluggish stock market weighs on quarterly earnings, but strong first-half results keep cumulative profits near record levels A view of brokerage firms clustered in Yeouido, western Seoul (Yonhap) South Korea’s top brokerage firms saw their earnings boom cool sharply in the third quarter, as sluggish stock trading, rising market interest rates and valuation losses on

RedCloud Announces Effective Date of Reverse Share Split

LONDON, Nov. 13, 2026 (GLOBE NEWSWIRE) — RedCloudHoldings plc (Nasdaq: RCT) (“RedCloud” or the “Company”), which is building the AI prediction infrastructure for global FMCG trade, today announced that the previously approved 100-to-1reverse share split (the “Reverse Share Split”) of the Company’s ordinary shares, nominal value £0.002 per share (the “Ordinary Shares”), is expected to

System1 Announces Intention to Voluntarily Delist from The New York Stock Exchange

System1, Inc. (NYSE: SST) (“System1” or the “Company”), which operates flagship internet utilities including CouponFollow, MapQuest, and Startpage, and a best-in-class customer acquisition and marketing platform powered by artificial intelligence, today announced its intention to voluntarily delist its Class A common stock from the New York Stock Exchange (“NYSE”), and has correspondingly applied to have

0
Would love your thoughts, please comment.x
()
x