U.S. stocks broadly rebounded last night, and Nvidia $NVDA also rallied briefly during the session, only to plunge more than 8% after hours, hitting a low near $156 and setting another recent low

On the news front, controversy surrounding Jensen Huang has continued to escalate. Reuters reported that Nvidia's board is discussing whether to replace Huang

The impact on Nvidia could be greater than expected: after all, Huang has led the company for more than 30 years, and its technology roadmap, customer relationships, and even the broader AI narrative are all deeply tied to him

I think the market is now reassessing Nvidia's management risks, adding another layer of uncertainty to a valuation that was already under pressure

The technical picture also looks pretty grim. The rebound has been limited after consecutive declines, and the stock hit a new low after hours, suggesting selling pressure has yet to fully ease

Next, watch whether it can regain ground around $160, as well as its earnings report on November 17 🫡