By Trevor Jennewine
Publication Date: 2026-11-14 09:21:00
Nvidia (NVDA -2.01%) has dominated the headlines in recent days. CEO Jensen Huang resigned from his position after revelations of extramarital affairs, including a relationship with a businesswoman that U.S. intelligence officials suspect was spying for China.
Nvidia’s board of directors launched an investigation into the potential national security implications of the news, and Huang officially resigned on Thursday, Oct. 12, leaving the semiconductor company he co-founded more than three decades earlier. The board also appointed longtime CFO Colette Kress as interim CEO while it searches for a permanent successor.
Huang has been praised regularly for visionary leadership in recent years, and has become one of the most influential figures in the artificial intelligence revolution. Some investors worry his departure will have devastating repercussions for Nvidia. Indeed, the stock is down nearly 20% this month, and it currently sits 32% below its record high.
Read on to see what certain Wall Street analysts have to say on the topic.
Jensen Huang. Image source: Nvidia.
Several Wall Street analysts cut their target prices substantially
Stacy Rasgon at Bernstein cut his target price in half. He now believes Nvidia is worth $200 per share, down from $400 per share. Rasgon is less concerned about the near-term consequences of Jensen Huang’s departure, and more worried about how his absence might impact the company in the long run, given how closely he managed business…
