Musk Warns Nvidia Could Lose 'Critical' Deals After Huang Ouster
NVDA is trading near its 52-week low of $148.8 (8.2% above the low) on elevated volume (2.5× avg).
Summary
Elon Musk publicly warned that Nvidia will lose "critical" deals now that Jensen Huang is gone, arguing many of those agreements were "a handshake with Jensen, not a written contract." The comment lands two days after Huang resigned as president, CEO and board member effective November 11, with CFO Colette Kress stepping in. Musk's megaphone matters here: he runs a major Nvidia customer and his claim directly questions whether the company's demand book survives the leadership change. It is opinion, not a disclosed contract cancellation, but it puts a concrete risk on the table — relationship-based deals that may not be papered.
At the time of this announcement, NVDA was trading at $161.01 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.9T. The 52-week trading range was $148.80 to $243.37. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.