Nvidia Faces Earnings Test Without Jensen Huang as Stock Slides Amid China Probes

Nvidia's shares have fallen sharply over the past two weeks, erasing more than half a trillion dollars in market value at the low point and closing November 13 at $162.85, about a third below its October high. The company reports its fiscal third-quarter results on November 17, with revenue expected near $109 billion and the first call without Jensen Huang, who stepped aside, leaving CFO Kress to lead. Senator Elizabeth Warren has argued that his resignation does not relieve the company of responsibility for national security risks tied to its China sales, which already face two congressional investigations. A former OpenAI researcher also alleges that chips reportedly trained several Chinese AI models despite export restrictions. Analysts remain divided, with supporters pointing to a low forward earnings multiple and steady AI demand, while critics question leadership succession and regulatory exposure.