Nvidia abruptly ousted CEO Jensen Huang late Wednesday after the board deliberated over his future amid a Chinese spy scandal and allegations of affairs with a company executive. Chief Financial Officer Colette Kress will serve as interim CEO while the company searches for permanent leadership.
Analysts Scramble to Assess Fallout
Citi analysts slashed their price target by $60 overnight, noting Huang’s central role in Nvidia’s meteoric rise. “If Jensen were forced out, it would mark the end of an era,” they wrote, citing his unmatched influence on strategy, products, and investor confidence.
Dan Ives of Yorkville Ives & Co. was more blunt: “Jensen has created a black eye moment… and now has created a spider web of complexity that Wall Street, Silicon Valley, DC, and the global tech ecosystem are trying to figure out.” He estimates Huang’s departure could erase $75 from Nvidia’s share price.
Leadership Void Looms Large
While some analysts fear Nvidia losing its visionary, Manulife’s Nathan Thooft told CNBC the company has “real talent” among its 40,000 employees to execute existing plans. However, he warned Huang’s unique instincts about AI’s future pose the biggest replacement challenge.
Former Nasdaq CEO Robert Greifeld called the situation a governance failure, telling CNBC the board must urgently determine “did Jensen lie to them” about the scandals.
Source: www.breitbart.com — https://www.breitbart.com/tech/2026/11/12/spiderweb-of-complexity-top-analysts-comment-on-nvidia-dumping-jensen-huang/