Nvidia stock flashes massive buy signal after Jensen Huang exit

Nvidia (NASDAQ: NVDA ) stock could be approaching a major long-term buying opportunity after plunging following the abrupt departure of co-founder and former CEO Jensen Huang amid a personal scandal. Huang resigned on November 12 after admitting to an extramarital affair and facing scrutiny over reported relationships with company employees and a businesswoman suspected by U.S. authorities of having links to Chinese intelligence. Nvidia’s board has launched an independent investigation, while Chief Financial Officer Colette Kress has taken over as interim CEO as the company searches for a permanent replacement. The leadership crisis has added pressure to Nvidia shares, which have fallen more than 30% from their October 6 all-time high. At press time, NVDA shares were trading at $162.

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