NYTimes
13 Nov 2026, 00:46 UTC · 18m ago
Lutnick Took a Softer Line on Nvidia as Calls for Tougher Controls Grew
Impact · against what's priced in
The resignation of CEO Jensen Huang and the potential for tightened export controls create a leadership vacuum and regulatory risk that undermine current valuation support. While the market had already discounted the most aggressive growth targets, the loss of the founder-CEO during a geopolitical crisis triggers a multiple contraction not captured in the prior 19% CAGR assumption.
- NVDA−0.60
Challenges what's priced in
- The price assumes
Sustained free-cash-flow margins near 44.8%
The resignation of Jensen Huang and the likelihood of stricter chip bans on firms like Megaspeed threaten the operational stability and regional revenue streams required to maintain current margins.
What NVDA's price assumes · Sep 1
