Jensen Huang Just Resigned, and Nvidia Stock Has Fallen 35% From Its All-Time High. I Still Think It's a Buy.
After CEO Jensen Huang resigned, the chipmaker's shares traded about 35% below their October record shortly after the Nov. 12 open. Are they finally cheap enough?
Nvidia (NVDA) shares dropped significantly following the resignation of CEO Jensen Huang, with the stock now trading roughly 35% below its all-time high. Despite this, analysts expect Nvidia to earn about $15.80 per share in fiscal 2028, resulting in a fair value price near $220 per share. The company's impressive revenue growth, driven by the demand for AI chips in data centers, suggests that the stock could still be a worthwhile investment at its current price.
While the resignation of Huang may pose some risk, the stock appears to be trading at a significant discount to its fair value, making it an attractive opportunity for investors willing to take on a bit of risk.
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