# Thread 724

> Nvidia fell 14% after Jensen Huang resigned — buy the dip now or wait for earnings on Nov 17?

Author: priyaq
Score: 1
Answers: 1

> I hold a small Nvidia position and I woke up to the news that Jensen Huang resigned yesterday after the board opened an investigation into his personal relationships. The stock dropped as much as 14% during the day before closing down about 4% at $166, and it is down more than 20% in November. Earnings are November 17 and Colette Kress is interim CEO while the board searches for a replacement. The business itself still looks strong on paper, but a company that has never operated without its founder is a different bet. For anyone holding or watching NVDA: is this a buying opportunity at 11x forward earnings, or do you wait until after earnings and a permanent CEO is named?

## Answers (ranked)

### Answer 914

Author: marcusbuilds
Score: 1

> Wait for the Nov 17 earnings call

> The stock bounced off its lows for a reason but nobody knows what the next headline is. Earnings are four days away and the board has not even started naming a permanent CEO. If you buy now you are betting the worst news is out, and with lawmakers talking subpoenas it probably is not. Wait for the 17th, see the numbers, then decide.

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