Huang remains top Nvidia owner as earnings report nears

Jensen Huang no longer runs Nvidia ↘ 2.01%, but he is still its largest individual owner. He kept roughly 812 million shares, worth about $132 billion at Friday's close, and gave up about $108 million in unvested stock awards, Yahoo Finance calculated. The company lost $573 billion in market value last week, more than the total value of all but 18 companies in the S&P 500 ↘ 0.36%, according to Business Insider. Investors now turn to the third-quarter report due Tuesday, November 17, the company's first without Huang.finance.yahoo.com+1

A week of losses

Nvidia's board announced on November 12 that Huang had resigned as president, CEO and director, effective immediately. CFO Colette Kress became interim CEO while the board searches for a permanent successor, considering internal and external candidates. The company's filing with the Securities and Exchange Commission dated the resignation to November 11, AP noted. He left after reports of extramarital affairs, one with a woman U.S. intelligence agencies suspect of spying for China and one with an executive who reported to him, The New York Times reported.mdjonline.com+2

The stock fell as much as 14% on November 12 before closing down 4.3% as retail buyers stepped in, Yahoo Finance reported. It was Nvidia's sixth straight weekly decline, the longest streak since 2012, according to The Straits Times. Friday's close was the lowest since July 2025 and about 32% below the October 6 record.straitstimes.com+1

Watching Huang's shares

Huang can legally sell now. For three months after leaving, he still counts as an insider, so any large sale requires a public SEC notice, Yahoo Finance reported. About 70 million shares are in his own name. Roughly 740 million sit in family trusts, which makes a quick sale difficult. "This is no doubt an overhang on the trade for the foreseeable future," SoFi's Liz Thomas told the outlet. Tuesday's report will also show whether Huang set up or canceled a preplanned trading plan before he left.finance.yahoo.com

Earnings and succession

Nvidia will release results at about 1:20 p.m. Pacific on Tuesday, followed by a call at 2 p.m., the company said. Its guidance is $108 billion in revenue, plus or minus 2%. The quarter ended October 25, before the board opened its investigation, so the results reflect shipments that had already taken place, PipTheory noted.investor.nvidia.com+1

Speculation about a permanent CEO has grown. Prediction markets favor Nvidia executive Ian Buck, and Arm ↘ 4.63% CEO Rene Haas has also been mentioned, Yahoo Finance reported. Biographer Stephen Witt summed up the concern on CNBC, as quoted by Business Insider. "It's like the Bulls without Jordan," he said. "I don't know how they are going to replace this guy."sg.finance.yahoo.com+1