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Cramer Says Apple Investors Who Sold After Steve Jobs Missed Years Of Gains. The Stock Is Up Nearly 3,000% Since. Now He’s Asking If Nvidia Needs Jensen Huang
24/7 Wall St. • • business
Key Points:
- Wall Street is reassessing Nvidia's future amid founder Jensen Huang's personal scandal and an ongoing board investigation, raising concerns about leadership succession similar to Apple after Steve Jobs' death.
- Apple’s stock surged nearly 3,000% under Tim Cook after Jobs’ passing, illustrating how a strong successor can sustain growth, but Nvidia currently has no named successor or formal succession plan.
- Despite the turmoil, Nvidia’s business fundamentals remain strong, with fiscal Q2 revenue up 105.8% year-over-year and robust Q3 guidance, although the stock has experienced significant volatility recently.
- CNBC’s Jim Cramer shifted from a steadfast buy stance on Nvidia to urging the company to name an interim CEO, reflecting growing investor anxiety about Huang’s future and the company’s leadership stability.
- Nvidia’s upcoming earnings report on November 17 will be a key test for the company, potentially addressing leadership concerns and demonstrating whether it can maintain its growth trajectory amid uncertainty.
