Nvidia heads into earnings without Jensen Huang as CEO talk swirls
· 6 sources
Nvidia reports results with Colette Kress as interim CEO, while reports say Jensen Huang has discussed a return to the top job with allies.
What happened
Nvidia is preparing to report its third-quarter results without Jensen Huang leading the company for the first time in 33 years, according to Yahoo Finance. The publication says interim CEO Colette Kress will be on the call.
Reuters reports, citing the Financial Times, that Huang has discussed a comeback as Nvidia CEO with allies. Yahoo Finance adds that he spoke about returning days after resigning, and that allies are lobbying the board ahead of earnings on Tuesday.
Benzinga reports that options traders are bracing for volatility, with a potential $341 billion stock swing tied to the results. Barron's notes that stock futures began the new week ahead of Nvidia's earnings and Anthropic's IPO. CNN also covered comedians joking about the former CEO's scandal.
Context
Nvidia is one of the largest publicly traded technology companies, and its earnings reports are closely followed by the broader market.
Why it matters
Leadership uncertainty at a company of Nvidia's size can make its earnings report a focal point for investors and the wider market.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$162.85−2.01% vs. previous close ($166.19) · November 13
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