Nvidia (NVDA) CEO Jensen Huang Exits Amid Crisis as Revenue Forecast Hits $109.2B

Published on 11/12/2026 · Source: cnbc.com

AI Summary

Summarized by AI from the source below

Nvidia's (NVDA) CEO Jensen Huang is leaving the company amid reports of two extramarital affairs, including one with an alleged Chinese spy. The board appointed CFO Colette Kress as interim CEO and Harvey Jones as chairman. Nvidia has not commented publicly on the leadership change.

The news comes as Nvidia faces its longest stock losing streak since 2012, currently at six weeks, including a 9% decline last week after midterm elections led to Democratic control of Congress. Concerns stem from potential impacts on new data center buildouts due to recent ballot measures. Despite these challenges, Nvidia is expected to report quarterly revenue of $109.2 billion, a 92% increase year-over-year, showing strong growth from 2022 levels.

Jensen Huang's leadership positioned Nvidia at the forefront of the AI industry, with the company surpassing a $5 trillion market cap. His departure creates uncertainty as Nvidia navigates AI market dynamics and leadership transition. This situation matters for investors because Nvidia's ability to maintain growth depends on how the new leadership manages the crisis and the company's AI buildout plans reflected in the upcoming earnings report.

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Our take

Opinion from the Newsstocks AI desk, not investment advice

We think Nvidia faces significant headwinds from leadership turmoil and political risks affecting its stock, despite strong expected revenue growth. The company's next earnings report will be key to assessing how well the new interim CEO can manage the crisis and maintain performance. Continued stock declines suggest the market is concerned about these developments.

Key numbers

Quarterly revenue forecast: $109.2 billion
Year-over-year revenue growth: 92%
Longest stock losing streak since: 2012
Recent weekly stock drop: 9%

What could help

Analysts expect Nvidia revenue to grow 92% year-over-year to $109.2 billion.

What could hurt

CEO scandal and leadership uncertainty may disrupt Nvidia's strategic execution and affect investor confidence.

What to watch next

Nvidia is scheduled to report quarterly results on Tuesday.

The background

Earnings reports show a company's recent financial performance including revenue and profit. Leadership changes can impact company strategy and market confidence.

Questions readers ask

Why is Nvidia CEO Jensen Huang leaving?

Jensen Huang is leaving following reports of two extramarital affairs, including one with an alleged Chinese spy, prompting a board investigation.

What is Nvidia's expected revenue for the next quarter?

Analysts project Nvidia's quarterly revenue to reach $109.2 billion, a 92% increase year-over-year.

How has Nvidia's stock performed recently?

Nvidia's stock is on pace for its sixth straight weekly drop, the longest losing streak since 2012, including a 9% decline last week.

About NVIDIA Corporation (NVDA)

Nvidia designs the graphics and AI accelerator chips that power gaming, data centers, and the generative-AI boom, making it a bellwether for the semiconductor industry.

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