Nvidia CEO Huang Resigns; Stock Charts a 148.80 Low Ahead of Q3 Report

Colette Kress became Nvidia's interim chief executive on 12 November, after Jensen Huang resigned as CEO and left the board with immediate effect. The departure followed weeks of reports about his personal relationships that raised national security questions. The stock had already been pushed to eight-month lows by the saga. Lawmakers say their questions about China chip sales are not going away. That sentence deserves attention: the political pressure predates the resignation and, by their own account, will outlast it.

Kress retains the CFO title alongside the interim role. Harvey Jones, former CEO of Synopsys (a chip-design software firm), becomes the company's first-ever board chair. No permanent successor has been named. No timeline for a search was given.

What does the earnings report show?

Nvidia reports Q3 FY27 on Tuesday 17 November after the close. Guidance was $108bn revenue, plus or minus 2%, with a 74% gross margin. Consensus sits around $108.8bn revenue and $2.47 EPS. The revenue number looks achievable on paper. The risk sits below it.

Nvidia has already warned that Q4 gross margin will dip on higher memory costs. A company guiding its own margin down rarely surprises to the upside on margin. One support point stands out: the board added $150bn to the buyback in September, leaving $235bn authorised through fiscal 2028. That is roughly twice the revenue Nvidia expects to book this quarter, and it gives the company a funded bid under its own shares.

• Report date: Tuesday 17 November, after the close
• Guidance: $108bn revenue, plus or minus 2%; 74% gross margin
• Consensus: about $108.8bn revenue; $2.47 EPS
• Known headwind: Q4 margin dip on memory costs
• Buyback: $235bn authorised through fiscal 2028

Where does the chart stand?

NVDA has fallen from 243 in October. On Wednesday the stock traded as low as 148.80, then closed at 166.19, back above the 162-to-168 zone that held the March and April lows. A long lower wick (the thin tail beneath the candle body, marking a rejected low) on news this bad tells the original analyst, TradingView author Dillon Dunn, that buyers stepped in hard. That is one reading. A single candle is not a trend, and wicks formed on forced selling can be retested within days.

Overhead, the 190-to-195 range was support all summer and now acts as resistance, with an open gap (a price range the stock skipped over) inside it.

What is the trading plan?

Dunn's stated plan is explicit: no buying before earnings with a brand-new CEO. The entry conditions are equally concrete.

• Entry precondition: price holds above 160 through the report
• Trigger: a daily close above 180
• Buy zone: dips toward 172 to 175
• Invalidation: a daily close below 160
• Targets: 192 first, then 205

What would change the plan?

A post-earnings close below 160 would mean Wednesday's wick failed. In that case Dunn expects a retest of 148.80 and stays out of the position.

The author notes this is his own analysis and not financial advice. Single stocks can gap hard on earnings. Manage risk accordingly.

The unsaid part matters as much as the said. The interim structure gives Nvidia a CFO running two jobs, an untested chairmanship, a margin warning already on record, and a legislative inquiry that its own lawmakers describe as unresolved. The buyback is large. It is not a substitute for answers on any of the above.