Nvidia Ousts Jensen Huang as CEO, but One Candle Chart Says Buyers Fought Back

Jensen Huang resigned as Nvidia's CEO on 12 November, leaving the board with immediate effect after weeks of reports about personal relationships that raised national security questions. CFO Colette Kress steps in as interim chief executive while keeping the CFO job, and former Synopsys CEO Harvey Jones becomes the company's first-ever board chair, according to an analysis published on TradingView by chartist Dillon_dunn.

The departure caps a saga that had already dragged the stock to eight-month lows. Lawmakers, the analyst notes, say their questions about Nvidia's China chip sales are not going away — a reminder that the leadership change does not close the political file.

What does the numbers say about the business?

The corporate drama and the operating results are separate questions, and the answer to the second arrives within days. Nvidia reports Q3 FY27 results on Tuesday, 17 November, after the close.

The report carries concrete expectations:

• Guidance: $108 billion in revenue, plus or minus 2%
• Gross margin: 74% at the guided level
• Consensus: roughly $108.8 billion in revenue and $2.47 in earnings per share

The bigger risk sits in the outlook rather than the quarter itself. Dillon_dunn flags that Nvidia has already warned Q4 gross margin will dip on higher memory costs — a cost pressure the interim CEO cannot manage away by Tuesday. Offset against that, the board added $150 billion to the buyback authorization in September, leaving $235 billion available through fiscal 2028, a sum large enough to buy back the equivalent of a mid-cap technology company several times over.

What did the chart do on the news?

Nvidia shares have fallen from $243 in October. On the day of the shake-up, the stock flushed as low as $148.80, then closed at $166.19 — a swing of more than 11% from low to close within a single session.

That close put the price back above the $162-to-$168 zone that held the March and April lows. "A long lower wick like that, on news this bad, tells me buyers stepped in hard," Dillon_dunn wrote. Overhead, the $190-to-$195 band that served as support all summer now acts as resistance, with an unfilled price gap inside it.

What is the trading plan?

The analyst is explicit about restraint: no position before an earnings report under a brand-new chief executive. The conditions for entry are strict. If price holds above $160 through the report and then posts a daily close above $180, the plan is to buy dips toward $172 to $175.

The stated targets are $192 first, then $205 — an upside of roughly 15% to 23% from the $166.19 close. Invalidation is equally clear: a daily close below $160.

What would change the calculus?

A post-earnings close below $160 would mean Wednesday's wick failed, in the analyst's framing. In that scenario, Dillon_dunn expects a retest of $148.80 and will stay out of the stock entirely.

The author closes with a caveat that deserves repeating in any market context: "This is my own analysis and not financial advice. Single stocks can gap hard on earnings, so manage your risk."

The takeaway in plain words: the leadership crisis has a defined technical floor at $160, but nothing is decided until the 17 November report tests whether buyers who defended $148.80 still stand there after the numbers land.