Some Nvidia (Nasdaq: NVDA) shareholders are sticking with the chipmaker despite the scandal surrounding former CEO Jensen Huang. Bloomberg’s November 13 report describes investors whose confidence rests on its graphics processors and AI-computing business rather than on Huang alone.
Among them is Bobby Martin, a retired investor who told Bloomberg that roughly $90,000 of his stock-market wealth had disappeared since the revelations broke the previous weekend. He still expects Nvidia to recover and estimates he remains ahead on his original investment. Those figures are his own account of his portfolio.
The interviews follow heavy dip buying during the selloff. As we previously reported, Vanda Research recorded $111 million in net retail Nvidia purchases in the first half-hour of November 12 trading. The stock also took 61% of tracked retail net stock and ETF buying on November 9–11.
Nvidia named CFO Colette Kress interim CEO while directors search for a permanent successor. The board said it expected operations, customer commitments and the product roadmap to continue uninterrupted, giving shareholders a company commitment to continuity alongside the uncertainty over leadership.
Its November 17 results remain the next scheduled business update. The fiscal third-quarter report is due at approximately 21:20 UTC, followed by an earnings call at 22:00 UTC, where investors will hear from the company under its interim leadership.
