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Nvidia without Huang: what the filing says, what two analysts argued, and how big the move really was Nvidia's board accepted Jensen Huang's resignation on Nov 12, effective immediately. Here is what is actually known, with the numbers in context. What the filing and release say \- CFO Colette Kress is interim CEO and stays CFO while the board searches inside and outside the company. \- Harvey Jones, a director since 1993, becomes the board's first chair. \- No reason is given, and nothing on severance. \- Q3 results are still Tuesday, Nov 17, with the call at 2 PM PT. How big was the move? \- $NVDA opened down 13%, hit $148.80 (down 14.35%) at 9:31 AM ET, and closed down 4.3% at $166.19. \- With 24.1B shares outstanding (August 10-Q), the close is about $4.0T of market value and the day's loss about $180B. At the low, roughly $600B was briefly erased, about the size of the record $589B DeepSeek-day loss in January 2025 (my math). \- The close is about 31% below the Oct 6 record of $239.24. \- $AMD rose 5.9% and $AVGO 5.5%, while $SMCI fell 11.3% and $CRWV 6.9%. What two analysts argued on The Information's TITV \- Nancy Tengler (Laffer Tengler Investments, an NVDA holder) put the Huang discount at 20 to 25% and plans to add after earnings, citing roughly 10x next year's earnings and the buyback. \- Matt Bryson (Wedbush) argued 2027 is largely set: demand still exceeds supply and the supply chain is in place, so a new CEO gets three to four quarters of runway. Is the valuation cheap or normal? \- At $166.19 and a $15.81 FY2028 consensus EPS (TradingKey, Nov 9), $NVDA trades near 10.5x. On FY2027's $9.29 it's about 18x. \- In March, on next-12-month earnings, it traded near 20x, which TIKR called close to a five-year low. That's a different earnings basis, but the direction is clear. \- Bryson noted that Intel kept a low-teens multiple through years of manufacturing delays under Bob Swan. Nvidia now trades below that. To me, the market is pricing something closer to the Intel case than the Apple-after-Jobs case the panel also raised. \- Buyback: Nvidia's Sept 28 release put the remaining authorization at $235B, to be executed through fiscal 2028. That's about 6% of today's market value (my math). What Nov 17 has to show 1. Q4 guidance that holds up, which tests the "2027 is set" argument. 2. Rubin timing. Nvidia said in May that production shipments would start this fall. 3. When buybacks resume after the blackout. Is about 10.5x forward earnings pricing in real roadmap risk after 2028, or just shock?

Others covered the why (holders can exercise until about 5:30 ET, so $1 over the strike at the close isn’t a cushion). On the what-now, since you’re holding 500 at 172.50: I looked at NVDA history since 2016 for this exact spot: assigned on a put, stock a bit under the strike, then three monthly call cycles. Small sample (25 episodes of a 5-10% hole, and you’re at about 4%), but the shape: Calls struck at your basis: median about +2% of basis after ~3 months, back to whole in about 2 of 3 cases. Calls struck at today’s price: roughly 2.4x the premium, but called away 96% of the time, which locks the loss in. Just holding: higher median (+4.5%) but a much wider range, about -22% to +36%. Selling now: you take the drop. Across ~40 tickers, calls at basis had the best median at every drop size; NVDA’s hold number is the exception. Disclosure: I built the free page that runs this, no signup: lastvesper.com/tools/assignment?utm_source=reddit (type NVDA, 172.5 and today’s price). Just what each move did historically, not advice.

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https://preview.redd.it/ct58bzhak91i1.png?width=1790&format=png&auto=webp&s=3fd44f3709b5dc717c278fe564689fae0b8867ba **📊 Key U.S. Economic Data (ET)** **8:30 AM** | Main: PPI & Core PPI m/m | Forecast: PPI 0.4%; Core PPI 0.3% | Previous: PPI 1.3%; Core PPI 0.7% ⚠️ For informational purposes only. Not financial advice. 📌 #SPY #SPX #StockMarket #PPI #Inflation

Fair, the structure point is real. A big share of BTC demand now runs through spot ETFs that only trade during US market hours, and alts don't get that bid at all. Today is a slightly different picture though: BTC is about $71.3k (CoinGecko, 6:03 PM ET), down around 3.5% on the day, while ETH is down around 2.1%. So alts aren't the ones leading this leg. If that holds on the next red day, it would be the first sign the underperformance is easing.

Time to buy more? INNOVATE Corp. (NYSE: VATE) reports its Q3 2026 financial results today, November 12, 2026, after the market closes, with a live earnings conference call scheduled for 4:30 PM ET. • Q3 2026 Consensus Estimates: Analysts expect a consensus EPS of -$2.18 and consensus revenue of $251.70 million. • Webcast & Call Access: You can tune in or access SEC filings and audio archives via the INNOVATE Investor Relations Website. • Q2 2026 Recap: In its previous quarter (reported August 6, 2026), INNOVATE reported an EPS of $0.71 (beating estimates of -$2.18) and quarterly revenue of $421.60 million

\+13.2% at 168.37 in after-hours (4:35 pm ET)

Cerebras Systems reported better-than-expected revenue and quarterly guidance in its earnings report on Thursday, and touted a new deal with Microsoft. The stock soared 13% in extended trading. Here’s how the company performed relative to LSEG consensus: Loss per share: 67 cents. It’s not immediately clear how the number compares with the loss of 14 cents expected Core revenue: $230.9 million vs. $214.7 million expected Cerebras’ core revenue grew 70% from $135.7 million, compared with 103% growth in the second quarter, according to a statement. Executives will announce a new relationship with Microsoft, one of the world’s top cloud providers, on a conference call with analysts, Feldman said. The call starts at 5 p.m. ET.

Nvidia's 8-K on Huang's exit gives no reason and no severance. The proxy says there are no severance or change-in-control agreements for executives, Bloomberg Law reports about $108M of unvested equity is forfeited, and he held 3.58% as of March with no super-voting stock, which is why the board could accept a resignation in a day. Stock was around $164 (-5.5%) at 3:28 PM ET after a low of $148.80. Tuesday's 10-Q is the thing to read: last quarter showed $279B of supply and capacity commitments, up from $119B, plus $108.5B of guarantees.

Mostly it's a BTC drawdown dragging everything with it. BTC is around $71.6k (CoinGecko, 3:12 PM ET), down about 3.8% on the day, 14% over 30 days and roughly 43% under the Oct 2025 high of $126k. ETH (-20% over 30 days) and SOL (-24%) are falling harder, which is normal when risk appetite drains: BTC dominance is near 59.5%, so money is hiding in the biggest coin rather than rotating into alts, and Fear & Greed sits at 28. How long is the honest unknown. The thing I'd watch is whether alts stop underperforming BTC on red days; until that happens, bounces tend to get sold, so I'd size positions assuming another leg down is possible.

**BanBet Created** ▼ | **Record:** 1W - 0L | Ticker | Target | Entry | Move | Expires | |:---:|:---:|:---:|:---:|:---:| | **NVDA** | $145.00 (below) | $164.81 | -12.0% | Fri 2:22 PM ET |

**BanBet Created** ▼ | **Record:** 3W - 11L | Ticker | Target | Entry | Move | Expires | |:---:|:---:|:---:|:---:|:---:| | **MSFT** | $520.00 (below) | $526.23 | -1.2% | Tue 1:28 PM ET |

| Ticker | Target | Entry | Current | Move | Expires | |:---:|:---:|:---:|:---:|:---:|:---:| | **GOOG** ▲ | $300.00 (above) | $282.96 | $299.04 | +6.0% | Wed 9:26 AM ET |

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Thursday is news day. How great would a big deal PR with a big name, afterhours be for Glen's event on Friday? Would be appreciated. And it's at 9:30 AM ET, [https://x.com/SMR\_VISION/status/2120736060183400947?a=CLofEABJAIr1Q9r78qc&s=20](https://x.com/SMR_VISION/status/2120736060183400947?a=CLofEABJAIr1Q9r78qc&s=20)

Yeah, I understand the mutual funds. Only trade at the end of the day at a new asset value, but since I’m using ETFs that trade throughout the day like equities, I just wanted to make sure of when I could expect to see in order placed. Sounds like it would be anytime on the date that I put in, so it’ll happen sometime between 930–4 p.m. ET?

**BanBet Created** ▼ | Ticker | Target | Entry | Move | Expires | |:---:|:---:|:---:|:---:|:---:| | **NVDA** | $140.00 (below) | $164.79 | -15.0% | Fri 11:49 AM ET |

Apparently Jensen is in China already, news will break from Walter Bloomberg at 3:59pm ET.

Silver futures are near $50.16 this morning, down 3.3% today and 4.6% since Monday's close. Gold is down 3.0% today, under $3,900. The driver is rates. After Tuesday's hot October CPI, CME FedWatch shows roughly a 90% chance of a 25 bp Fed hike in December, the 10-year Treasury yield is 5.07%, and the dollar index hit a 19-month high this week. Miners took it harder: since Monday's close, SIL is down 9.4%, SILJ 9.8% and GDX 9.5%, about double the metal. Today looks a little different. SIL (-2.7%) and SILJ (-2.8%) are falling slightly less than silver (-3.3%). After a three-day flush, miners holding up better than the metal can be an early sign the selling is getting tired, but one morning isn't a trend. Gold/silver ratio is about 77.4. What I'm watching: whether silver holds $50 on a closing basis, Friday's October PPI (8:30 a.m. ET), and whether miners keep beating the metal on down days into the Dec 8-9 Fed meeting. Data: Yahoo Finance, ~8:40 a.m. PT. News: Kitco, CNBC. For those who hold both physical and miners: does a drop like this make you add to the stack, the miners, or neither until the Fed meets?

I am happy to give you information about this. With life being so busy, I definitely understand wanting the ease of recurring investments. FYI, stock and ETF trades will be placed as market orders at any time during the selected investment date. Mutual fund orders are a little different, as they are placed at the next available price based on the selected investment date. Mutual funds trade only once per day after the markets close at 4 p.m. ET. If your selected investment date falls on a non-trading day, then the order will execute on the next trading day. You can read more about recurring investments at this link on our website. Scroll down to read FAQs. [Recurring investments](https://www.fidelity.com/trading/recurring-investments) I'm glad you know you can come to our sub with questions. Reply below if you have more, and the Mods will jump back in.

**Retail investors net bought $111M of Nvidia ($NVDA) shares from 9:30 to 10 a.m. ET on Nov. 12, a record for the stock’s opening half-hour. - Vanda.**

48% profit, $300 profit. Don't copy alerts, trades, or follow people live trade while you are working. I have seen zero people growing an account doing this and getting money to follow their dream. Now, with AI like claude, qwen, chatgpt, you don't have to be like me digging on google or duckduckgo to understand day trading. The only thing you need is to put in the time to watch the chart and do your basic maths. If you keep saying your education at school or university were useless, you will fail at trading (deserve to 😁) as you are putting yourself down. Same thing as I said in the previous posts. If you have seen my posts since beginning in May when I was growing a small account, IWM prices 275-280-285 etc. The psychological numbers and levels which people keep calling point of control, liquidity, supply, demand whatever fancy names are popular on social media tic tac toc 🤷🏻‍♂️ They are normal psychological numbers. The price for SPY, QQQ, IWM or any tickers go up and down, oscillates (chop or any other words), if I am doing options or futures, I can easily get $5-15 per contract per trade. Don't be greedy like me. I am lazy and frustrated with myself sometimes 🙄 use money you can afford to lose. I follow my plan, follow yours and do take a small profit, consistent, get used to the Christmas spirit. Let got of greed, boredom and hurriedness. If you are a beginner, market will still be here tomorrow, no need to throw all your money. If you lost some money this month, you can see my previous post and get inspired by my pitiful small profits 😬 and know that if you keep consistency, it may be in your favour. Don't put more money, practice and wait for next month. Give yourself time. Total $1,965 |Day|Little Profit $| |:-|:-| |14|300| |13|210| |12|334| |11|122| |10|110| |9|200| |8|100| |7|125| |6|120| |5|70| |4|82| |3|52| |2|60| |1|80| I can trade SPY, QQQ but I am not doing it as IWM fit my current Christmas trading strategy/plan, the premiums are more expensive these days. If you are unsure, sit on your hands. I need money for Christmas gifts. No one is going to give me for free, I am not so beautiful. I started with a $250 account, aiming to reach $5k profit in 50 day/trades. You saw on many of my previous post I was growing another small account. Hope you get inspired. Life is short. I will try post the trades. Simple options strategy, no wheel, iron condors etc. Using simple EMAs, VWAP etc to see the trends, levels calculations. Trade: 10 contracts = $300 total profit. Total options cost = $620 48 % profit Time in Trade : 21 min. Getting towards morning glory 🤤 $10 per contract per day, it makes a huge difference with time. Don't be greedy every time. My trading plan and strategy is trading one trade a day, 2-5 times a week depending on availability. If you are learning by yourself, give it 2-3 months to see how you are progressing. If you believe I am lucky every day with the trades and posts 🤷🏻‍♂️ so be it. I believe I have no choice, I put in the effort and keep doing, any loss is my loss as it is me executing my own trades and money. I only day trade options on ETFs like SPY, QQQ, IWM etc. Timestamp on the broker is UK time. So, entry time of 3.05 is 10.05 ET. I trade on my phone, screenshot is from TastyTrade. EMA 200 and VWAP on the screenshot for TradingView

Short term I read it the same way, but one thing keeps me from getting too confident on the downside: even after this morning's liquidation wave, ETH perp funding is still slightly positive on the two venues I checked, about +0.004% to +0.005% per 8h as of 10:23 AM ET, with price near 2,000 and a 24h low around 1,983. Longs are still paying to stay in, so the crowd hasn't flipped short yet. Flushes like this often don't finish until funding goes flat or negative and shorts become the crowded side. Until that happens I'd treat bounces back toward your neckline as places where trapped longs exit rather than as a reversal. Higher timeframe, I'd wait to see where price settles once funding resets before calling direction. Not advice, just how I'm reading it.

**BanBet Created** ▲ | **Record:** 4W - 7L | Ticker | Target | Entry | Move | Expires | |:---:|:---:|:---:|:---:|:---:| | **GLD** | $358.06 (above) | $354.52 | +1.0% | Thu, Nov 19, 10:00 AM ET |

Before I take a trade, I like to check how much I’m asking SPY to move from my entry. A target can look good on the chart and still need a bigger move than I’d expect by noon. I use my own algo to compare the current conditions with similar past sessions. Here’s what it’s projecting from the open through noon ET today, Nov. 12. Session open: $753.98 Upside range: $756.17–$758.96 · Median $757.43 (+$3.45 from the open) Downside range: $750.63–$753.30 · Median $752.47 (−$1.51 from the open) Projected larger move from the open: Upside If my target is well beyond the projected range, I want to be able to point to something I’m seeing today that makes the extra move realistic. I’ll update this after noon with how far SPY actually moved on each side of the open. What level are you targeting this morning, and what made you pick it?