Nvidia Faces CEO Crisis: What the Stock Is Worth Without Jensen Huang

Breaking reports on November 11 described a second alleged affair involving Nvidia CEO Jensen Huang and said the company's board was set to meet that evening to discuss replacing him, sending shares down 8 to 9 percent in after-hours trading.

The Fast Money panel on CNBC laid out a wide range of post-Huang valuations. Dan Ives called an ouster a clearing event and placed a $225 target on the stock, framing leadership change as a moment that removes uncertainty rather than creates it. Dan Niles went further, citing $145 as a key support level to watch if the stock gaps down.

Gene Munster expected an initial gap lower followed by a recovery, and pushed back on the idea that AMD would take meaningful market share from Nvidia in the wake of any leadership transition. Apple, meanwhile, closed at a record during the same session, a reminder that the broader tape was not in distress.

The session did not begin as a crisis day. CoreWeave reported a beat and raised guidance, then canceled its 10b5-1 plan, details that together sparked a semiconductor rally and lifted chip ETFs more than 15 percent off last week's lows. The Huang headlines hit after hours and reframed the entire narrative.

Traders on the show said the more consequential moment for price discovery is likely to be Nvidia's earnings report the following Tuesday, rather than any board meeting. That report will force the market to separate the question of Jensen Huang's future from the question of whether Nvidia's business remains on the trajectory investors have priced in.