Nvidia Faces Leadership Void as Huang Exits After 33 Years

Jensen Huang's departure as chief executive of Nvidia opens a period of uncertainty for the leading stock-market protagonist of artificial intelligence, according to Ion Jauregui, analyst at ActivTrades. The founder is also leaving his board seat after 33 years at the helm. Colette Kress, until now chief financial officer, becomes interim chief executive.

The question every holder of the stock now faces is blunt: does Nvidia's competitive advantage rest on a consolidated corporate structure, or does it depend on Huang's personal leadership to a greater extent? The market has no answer yet. What the market does have is a date. Results on November 17 will be Kress's first test.

Who is running Nvidia now?

Kress has been at Nvidia since 2013. She has been directly involved in the company's financial expansion. She could become a permanent solution if she manages to guarantee strategic continuity. However, the board has confirmed it will search for both internal and external candidates. That phrasing matters. An open search signals no presumptive heir.

External noise adds little clarity. Elon Musk replied that it would be an "an honor" to hire Huang, after a user on X suggested bringing him into his business circle. There is, for now, no known formal offer. Donald Trump publicly proposed Tim Cook, former chief executive of Apple, as a replacement. That suggestion implies neither a candidacy nor a decision by the board.

Both names are speculation, not process. Neither carries board authorization.

Do the fundamentals justify the anxiety?

The latest available results offer a different perspective from the corporate uncertainty. In its second fiscal quarter of 2027, Nvidia recorded data center revenue of $89 billion, up 117% year on year. For the third quarter, the company forecast total revenue of $108 billion and a gross margin of 74% (gross margin: revenue minus cost of goods sold, as a percentage of revenue).

These figures show the engine of the business continues to grow. But growth at this pace raises the bar. High expectations and dependence on investment in artificial intelligence infrastructure keep that bar very high. Succession, competition and trade restrictions with China add risks to a demanding valuation.

What does the chart say?

Since its highs of $243, Nvidia has lost its 50-, 100- and 200-session exponential moving averages (EMA: a trend indicator that weights recent prices more heavily), located between $204 and $215. The RSI (relative strength index, a momentum oscillator ranging from 0 to 100) sits at 26 points, reflecting extreme oversold conditions. The MACD retains its bearish bias.

Key technical levels:

• First support: $148.80
• Further supports: $140 and $123
• First upside step: recovery of $170-171
• Further resistance: $190 and the $204-215 zone

Oversold does not mean reversed. The RSI reading measures momentum, not direction. The trend remains deteriorated until proven otherwise.

Conclusion

Nvidia maintains an enormously fast-growing business, but it faces a management transition that introduces a risk difficult to quantify. The November 17 results will be the first checkpoint. Until then, the recovery of $170-171 will serve as a key reference for assessing whether the stock-market punishment is beginning to lose intensity. A strong quarter alone will not settle the succession question. Only the board's decision can do that.