Nvidia stock drops 7% as Huang exit fears coincide with sharp Wall Street downgrades
Nvidia stock remains under heavy pressure as uncertainty surrounding the company’s leadership deepens. Despite technically oversold conditions, buyers have yet to show signs of a durable recovery.
170.00
179.92
ABC News reported on November 11 that Jensen Huang is facing additional allegations involving an alleged relationship with another Nvidia employee. Against this backdrop, the board is reportedly considering whether to remove him as CEO. Prediction markets now put the probability of Huang leaving Nvidia before the end of 2026 at roughly 75%, although no official decision on his departure has been announced.
The Wall Street analysts are also lowering their estimates. Baird cut the price target on Nvidia from $500 to $200. Bernstein followed on November 12, cutting its price target from $400 to $200 and downgrading the stock to Market Perform.
Nvidia stock faces further downside risk toward $153
The scenario outlined previously did not play out. Nvidia failed to establish itself above $170 and fell to around $161 in premarket trading on November 12.
Negative sentiment continues to dominate, leaving the risk of another decline toward support at $153 particularly high.
NVDA is experiencing panic-driven selling, making it premature to expect a sustainable recovery. RSI (14) is technically in oversold territory, but the indicator is forward-looking and does not confirm a reversal on its own.
For a rebound setup to begin taking shape, the stock would need to stabilize and consolidate above the key $164 resistance level for at least two trading sessions.
Bernstein warns Nvidia's success is closely tied to Jensen Huang
Bernstein Research analyst Stacy Rasgon argues that a significant part of Nvidia’s success reflects Jensen Huang’s long-term vision rather than simply his day-to-day management of the company.
Huang has been Nvidia’s only CEO since the company was founded in 1993. He has shaped its strategic direction and became a central figure in Nvidia’s transformation into a leader of the AI industry.
His potential departure could therefore significantly undermine investor confidence, particularly given the absence of an obvious successor. Even if Nvidia’s underlying fundamentals remain strong, a leadership change could trigger another wave of selling.
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