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NVIDIA’s board appointed Chief Financial Officer Colette Kress as interim CEO while it searches for a permanent successor. Kress, who joined the company in September 2013, will retain her CFO responsibilities during the transition. The board will consider both internal and external candidates.
Harvey C. Jones, a longtime NVIDIA director who joined the board in 1993, has been appointed its first-ever chairman. The company said its operations, customer commitments and product roadmap are expected to continue without interruption.
Despite the leadership uncertainty, analysts continue to expect strong demand for NVIDIA’s chips. The company’s October-quarter revenue is forecast to increase 92% year-on-year, while net profit is expected to rise 89% to more than USD 60 billion, according to estimates cited by Reuters.
However, concerns about a possible slowdown in AI data-center investment have added to pressure on the stock. NVIDIA shares are trading at around 12 times expected earnings, their lowest price-to-earnings valuation since 2012. The valuation reflects investor concerns about whether the company can deliver the growth currently expected.
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NVIDIA’s next major test will come on November 17, when it reports its third-quarter fiscal 2027 results. Investors will be watching revenue guidance, demand for AI chips, and any indication of how the leadership transition could affect business strategy.
Huang’s departure also raises questions about customer relationships and decision-making at a company where he played a central role. While NVIDIA’s technology roadmap remains in place, investors must assess whether the company can maintain its momentum under a new leadership structure.
For now, the stock’s direction will depend on more than the change at the top. Its earnings performance, AI infrastructure spending, and the board’s ability to appoint a permanent CEO are likely to shape investor sentiment in the coming weeks.