NVIDIA Corporation (NVDA) is facing a new test after co-founder Jensen Huang resigned as chief executive amid a personal-conduct scandal and national-security questions. For shareholders, the immediate issue is whether the leadership shakeup changes the company’s earnings outlook, competitive position or the price investors are willing to pay for its growth.
Jonathan Rose isn’t waiting for the dust to settle. During his November 12 Masters in Trading: LIVE, Jonathan said: “I am buying Nvidia right now.” He said he bought shares that morning and was bullish at prevailing prices. Later in the session, he said he had increased his personal position by roughly 20% to 25%.
Our analysts aren’t all making the same call, and that’s useful. Jonathan is buying. Louis Navellier is holding and waiting for earnings. Luke Lango is watching how Nvidia’s competitive position evolves, while Eric Fry is asking whether investors will still pay the same premium for its growth. We’ll take a closer look at each of their views, but first, here’s how the scandal unfolded.
What Happened in the Nvidia Stock Scandal?
What started as a personal scandal quickly became a much bigger problem for Nvidia.
On November 8, Jensen Huang, Nvidia’s co-founder and longtime CEO, admitted he’d been unfaithful to his wife. According to The New York Times, the woman was Alice Huang (no relation), a Chinese citizen and executive at Singapore-based data center company Megaspeed, an Nvidia customer.
But the affair itself wasn’t the biggest concern.
U.S. intelligence officials reportedly suspected Alice Huang of gathering information for Beijing. Megaspeed had also faced scrutiny over whether advanced Nvidia chips were being diverted to China in violation of U.S. export restrictions.
That raised an uncomfortable question: Could sensitive information have fallen into the wrong hands?
Nvidia’s board launched an independent investigation, and Jensen publicly apologized to his family, employees and shareholders.
Then came another revelation.
On November 11, The New York Times reported a second alleged relationship, this time with Kimberly Powell, an Nvidia executive who reported to Jensen.
By November 12, Jensen had resigned, and longtime Chief Financial Officer Colette Kress had been named interim CEO.
To be clear, the allegations involving Chinese intelligence remain unproven publicly, and there’s no established finding that Jensen compromised confidential information.
But investors now face a very real question: Can Nvidia maintain its dominance in AI chips without the man who helped build it?
The answer depends on more than who occupies the CEO’s office. Nvidia’s earnings power, its competitive position and investor confidence will all help determine what comes next. And as the latest commentary from our analysts Jonathan, Louis, Luke and Eric shows, there are different ways to assess Nvidia’s prospects from here.
Jonathan Rose: Why He’s Buying Nvidia Stock
“Nvidia’s problem is not AI’s problem.”
Jonathan made that distinction in his November 12 Masters in Trading: LIVE. He called the leadership crisis “a Jensen problem,” and he sees the selloff as a buying opportunity.
Jonathan’s bullish case rests on the company’s existing business and the market’s reaction. Nvidia’s chips remain deeply embedded in customers’ computing systems, he argued, and changing suppliers takes years. He believes the stock has become inexpensive following the selloff and that investors may be discounting the company too heavily for the uncertainty around its former CEO.
His preferred way to express that view is important. Jonathan favors buying Nvidia shares rather than purchasing upside call options ahead of earnings. During the same session, he noted that Nvidia options were pricing in a roughly 12% move around the upcoming earnings report, a level he considered expensive given that the stock had exceeded that threshold only once in its previous 12 earnings reports.
Jonathan knows the next earnings report could change the conversation, and he expects earnings and guidance to drive the stock’s next move.
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Louis Navellier: Nvidia’s Earnings Power Still Matters
Louis isn’t letting the headlines drive his investment decisions.
Before Jensen resigned, Louis discussed the unfolding scandal on Market Buzz and initially believed Nvidia’s board and the U.S. government would eventually clear Jensen of wrongdoing. His departure caught Louis by surprise, but it hasn’t shaken his confidence in Nvidia’s underlying business.
For Louis, the earnings story still matters more than the headlines. Before the scandal, analysts were forecasting about 91% sales growth and 90% earnings growth for Nvidia’s third quarter. Those were the expectations Louis cited when explaining why he believes the company’s earnings power remains intact.
Nvidia still has its technology, its customers and enormous demand for the chips powering the AI boom. But Louis wants to see how the leadership shakeup affects the company’s outlook.
He’s particularly interested in Nvidia’s November 17 earnings report, management’s guidance and whether Wall Street analysts begin lowering their estimates.
For now, Louis is holding his Nvidia shares, rather than buying more or selling in response to the scandal.
There’s another reason he’s being selective. Louis believes the stock market was already rotating away from some of its familiar technology leaders before Jensen’s resignation. He sees opportunities emerging in other sectors, including energy and healthcare, where his quantitative system is identifying companies with strong earnings prospects.
His approach comes down to a simple principle: Follow the sales and earnings, not the headlines.
Is Nvidia still one of the best stocks to own, or are stronger opportunities emerging elsewhere? Louis follows the earnings to identify stocks with the greatest potential. Get his free stock picks and daily market insights with the Market 360 e-letter. Sign up for free here.
Luke Lango: Nvidia Stock Faces a Longer-Term Competitive Risk
Luke expects AI demand to survive Jensen’s exit. His question is how much of that demand Nvidia will capture.
Luke has been making the case that the AI trade could broaden beyond Nvidia. He argues that Jensen’s departure may make it easier for major customers to consider other chip suppliers. He sees that as a competitive risk for Nvidia, even as overall AI spending keeps growing.
He sees potential openings for Advanced Micro Devices, Inc. (AMD) and custom AI chips, including those supported by Broadcom Inc. (AVGO). Nvidia can remain a major winner in a growing market while facing more competition on price and share. That’s the possibility Luke wants investors to watch.
None of that means customers can replace Nvidia overnight. Its installed technology and product roadmap still matter. Luke’s longer-term thesis needs evidence, particularly signs that large buyers are shifting spending to competing platforms.
Could Nvidia’s troubles create opportunities elsewhere in AI? Luke follows the companies and technologies that could benefit as the AI market evolves. Get his insights and free stock picks through his Hypergrowth Investing e-letter. Sign up for free.
Eric Fry: Nvidia Stock Could Suffer Even if Earnings Grow
In his November 11 issue of Smart Money, published before Jensen resigned, Eric looked at a risk that can be easy to miss when a company is growing quickly: the stock’s valuation.
Even if Nvidia keeps delivering strong sales and earnings, its shares could struggle if investors decide to pay a lower multiple for those profits. Eric sees governance questions, regulatory scrutiny and rising competition as possible reasons that confidence could shift.
Eric also noted that some competing chip stocks gained during part of Nvidia’s earlier decline. He cautioned that a few days of trading don’t prove Nvidia has lost customers. That would have to show up in orders, spending and earnings.
His point is that a great business and a great stock aren’t always the same thing at every price.
Is Nvidia’s stock still worth the price? Follow Eric’s perspective on market risks, emerging trends and potential investment opportunities with his free Smart Money e-letter. Sign up for free.
What Nvidia Stock Investors Should Watch on November 17
Nvidia has scheduled its third-quarter fiscal 2027 earnings call for November 17 at 5 p.m. ET. The company’s October 28 announcement says the results will cover the quarter ended October 25.
The report gives investors a near-term opportunity to test the analysts’ competing arguments. Revenue, profit margins and guidance will show whether customer demand remains strong. Management’s discussion of leadership continuity, customer relationships and capital commitments could help investors judge whether the disruption extends beyond the headlines. Any new information about the investigation could also affect confidence.
Jonathan has already made his move. Louis wants the earnings and guidance in hand. Luke will be looking for signs of shifting customer demand, while Eric is watching the valuation investors assign to Nvidia’s growth.
Four perspectives, one question: Can Nvidia keep delivering the growth investors expect while it finds its next leader? The answer will matter long after this week’s headlines fade.
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Nvidia Stock Scandal: Frequently Asked Questions
Why did Jensen Huang leave Nvidia?
Jensen resigned on November 12, 2026, after reports of personal relationships and scrutiny involving potential national-security concerns. Nvidia’s board initiated an independent investigation. Allegations concerning espionage or compromised information have not been established as fact.
Is Nvidia stock a buy after Jensen Huang’s resignation?
The outlook depends on an investor’s time horizon. Jonathan Rose sees an opportunity to buy Nvidia shares, while Louis Navellier is holding his position and focusing on earnings. Luke Lango and Eric Fry are watching how competition and investor valuations could shape the stock’s longer-term performance.
When is Nvidia’s next earnings report?
Nvidia has scheduled its third-quarter fiscal 2027 earnings conference call for Tuesday, November 17, 2026, at 5 p.m. ET, according to its October 28 investor-relations announcement.
Louis Navellier and Jonathan Rose hereby disclose that as of the date of this article, they, directly or indirectly, own the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the article set forth above:
NVIDIA Corporation (NVDA)
