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Bloomberg Television1h 41m

Open Interest 11/12/2026

Jensen Huang, Colette Kress, Ed Bastian, Stephanie Guild, Vlad Colas, Antoine Chkaiban, Rod Little, Vonnie Quinn, Isabelle Lee, Ed Ludlow, Mandeep Singh, Michael Shepard, Ryan Vlastelica, Scott Kronert, Lisa Abramowitz, Nora Melinda

Interview, Press Conference
  • NVIDIA's board has engaged third parties to solicit external CEO candidates on a long-term basis, with Colette Cress (Crest) serving as interim CEO while operations continue without interruption; the company is scheduled to hold its "Learnings" annual conference on November 17 at 5 P.M. Eastern.
  • Jensen Huang faces potential liability regarding past statements and is subject to Justice Department inquiries into the Megaspeed investigation, with Capitol Hill lawmakers preparing their own investigations that may include subpoenas, while the board faces scrutiny over the lack of an immediate succession plan.
  • The leadership transition is expected to result in a loss of credibility for NVIDIA and a potential value decline of nearly $600 billion, as new leadership lacks the leverage Jensen Huang previously held to influence Washington regarding export controls for China chip deals.
  • Analysts anticipate a massive sell-off in NVIDIA stock and negative sentiment across the AI trade, though some view the downturn as a transitional phase where uncertainty is priced in, potentially creating a buying opportunity or "dip buy" scenario in the near term.
  • Future financial performance is projected with a consensus revenue of $109 billion for the upcoming quarter, which is expected to be beaten, while gross margins previously managed by NVIDIA may face increased scrutiny and the AI trade's growth outlook has been significantly upended compared to prior expectations.
  • The broader market environment faces potential headwinds from stricter export controls, regulatory pushback on data center construction, and inflation or oil price volatility influencing Federal Reserve rate trajectory, with an S&P 500 price target of 8100 considered ambitious.
  • Investors are expected to rely on the upcoming Anthropic IPO as a critical data point to validate the profitability and health of the AI ecosystem, while competitors like AMD and Broadcom are positioned to benefit from customer reassessment of dependence on NVIDIA.
  • In the private markets, data center build-out may face a slowdown due to tighter financial conditions, yet demand remains greater than supply, creating opportunities in Europe for data sovereignty and in secondary markets for existing assets.
  • Specific corporate outcomes include Super Micro shares potentially suffering a significant drop, while other sectors like consumer discretionary and the airline industry may see modest benefits from lower oil prices, though AI's immediate impact on Delta Air Lines' business growth remains uncertain.
  • The semiconductor space is expected to be a net beneficiary in the longer term despite short-term disruptions, with the company maintaining dominant market positioning even as the market anticipates a reassessment of long-term trajectories for 2028 to 2030.