NVIDIA Sits on $138 Edge as Report Says Board Prepares to Oust Jensen Huang

NVIDIA closed Wednesday at $146, and one technical level now stands between the stock and a slide toward $100, according to a chart analysis published by Givtrade_Group on TradingView under the symbol GETTEX:NVD.

The trigger came after that close. The Wall Street Journal reported that the board is preparing to remove CEO Jensen Huang, and Bloomberg reported that the company is working with an outside firm on possible replacements.

NVIDIA has made no announcement. No successor has been named. The board opened an independent review on November 8 and said at the time that it had confidence in Jensen and his leadership team. That, as the analyst puts it, is the whole of what is actually confirmed.

"Nvidia is hanging on by a thread, and the level it's hanging on is the only thing worth watching today," the Givtrade_Group analysis reads. "Let's break it down."

What do bulls need to see?

For buyers, the first job is reclaiming $150. A close back above that level puts $160–$175 in play as the first real test, per the analysis.

One indicator works in the bulls' favor: RSI at 28.74. That reading sits in deeply oversold territory, and it is the only thing the analysis identifies as supporting a bounce from here.

The takeaway for buyers: they need a close above $150 before $160–$175 becomes a realistic target.

What confirms the bear case?

For the bears, the line in the sand sits lower. A daily close below $138 confirms the break, according to the analysis.

Below that level, the structure underneath is thin — down to around $90, the analysis notes, meaning there is little visible chart support between $138 and that much deeper floor.

Measured from the top of the range, the move the structure implies is roughly 35%, which lands near $100.

The analyst is careful about what that number is and is not: "That is chart geometry." It is a projection drawn from the range's dimensions, not a forecast of company fundamentals.

The takeaway for sellers: $138 is the confirmation trigger, and $100 is where the measured move points.

How much of the Huang story is confirmed?

Very little, by the analysis's own accounting. Two media reports — one from the Wall Street Journal on the board preparing to remove Huang, one from Bloomberg on an outside firm working on possible replacements — sit against a thin official record.

The confirmed facts, as the analysis lists them:

• NVIDIA closed Wednesday at $146.
• The board opened an independent review on November 8.
• At that time, the board said it had confidence in Jensen and his leadership team.
• No successor has been named.
• NVIDIA has made no announcement.

The gap between the reporting and the official record is where the price action lives. The stock's next daily close — above $150 or below $138 — will tell traders which side of the story the market is trading.

The analysis closes with a plain send-off to readers: "Good luck Traders."

Until NVIDIA breaks its silence or the price breaks a level, $138 is the number to watch.