Should You Buy Nvidia Stock Now That Jensen Huang Has Resigned? Here’s What I’m Doing.
Nvidia (NASDAQ:NVDA) has had a tumultuous few days. News broke that CEO Jensen Huang had an affair with someone who is an alleged Chinese spy. That's a major problem considering how vehemently the U.S. government has fought to keep Nvidia's cutting-edge technology out of China's hands. This has caused Nvidia’s stock to sell off over the past few days, compounding the fact that it was already declining before this story broke. The reality is that the broader stock market believes AI spending has gone too far and is no longer willing to fully value companies in this sector. With some other relationships coming to light and Huang resigning on Nov. 12, Nvidia is entering a new paradigm. Continue reading