Nvidia dropped 14% at Thursday's open after Jensen Huang resigned, erasing $600B+ in value and taking its market cap below $4T for the first time since 2025 (Bloomberg)
Nvidia Corp.'s stock plunged at the open Thursday, taking the chipmaker's market capitalization below $4 trillion for the first time since 2025 …
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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