#Gate直通IPO第三期Anthropic Jensen Huang Confirms Departure: After NVDA’s V-Shaped Bounce Below $150 and Pullback to $162.42, How Long Can Its “Sentiment Floor” Hold?

When Jensen Huang officially resigned as NVIDIA’s president, CEO, and board member effective immediately, Wall Street experienced one of the most dramatic single-session liquidity events in market history. Following the announcement, $NVDA gapped lower to open at $151.01, plunged more than 14% intraday to touch a trough of $148.80 briefly pushing its market capitalization below the $4 trillion mark before aggressive dip-buying engineered a sharp V-shaped recovery to close at $166.19 (-4.34%). Now, as of November 14, 2026, with follow-through consolidation bringing $NVDA to approximately $162.42, that massive lower wick leaves investors confronting a decisive question: was the $148–$150 zone a durable structural bottom, or merely a temporary sentiment floor?

Why One Founder’s Exit Shook a $4 Trillion Valuation

NVIDIA’s valuation has never rested strictly on discounting near-term earnings. Over the past three years, Jensen Huang personally anchored the credibility of NVIDIA’s technological roadmap from more than a decade of building the CUDA software ecosystem, to acquiring Mellanox to transform a chipmaker into a full systems provider, to rolling out GB-series rack-scale architectures that locked in hyperscaler capital spending years in advance.
Consequently, Huang’s departure did not trigger an immediate collapse in compute demand; it triggered valuation multiple compression driven by governance uncertainty. Even before the resignation took formal effect, Citibank slashed its price target from $285 to $225 while keeping a Buy rating, noting that the market was discounting leadership continuity rather than underlying chip orders. When an AI bellwether enters an open-ended search over who will steer its next architectural cycle, enterprise procurement teams naturally shift marginal decisions from "committed" to "under review," compressing valuation multiples ahead of financial reports.

Who Absorbed $120.8 Billion in Single-Day Selling?

During the initial selloff, NVIDIA recorded roughly $120.8 billion in single-day turnover the second-highest daily trading value ever logged by an individual U.S. stock. Absorbing selling of that magnitude required two distinct waves of buyers:
• Record Retail Dip-Buying: According to Vanda Research, retail investors poured approximately $111 million net into NVDA during the first 30 minutes of trading—the largest opening-window retail inflow ever recorded for the stock and roughly 40 times its daily norm. By midday, Fidelity customers had placed nearly 395,000 buy orders, outnumbering sell orders by close to five to one.
• Institutional Rebalancing Rules: Absorbing over a hundred billion dollars in volume also pointed to systematic pension funds, sovereign wealth vehicles, and long-horizon asset managers. At $148, NVIDIA’s forward P/E compressed to roughly 11x matching prior cycle trough multiples automatically triggering rules-based institutional rebalancing rather than discretionary speculation.

Technical Signal at $150 and Wall Street’s Target Reset

Technically, the $150 shelf carried major historical weight, having acted as repeated resistance between late 2024 and mid-2026 before flipping into intraday support during this week’s rebound. However, reclaiming $150 signals a pause in panic selling rather than a confirmed uptrend; technical confirmation still requires daily closes back above the 5-day moving average, especially with shares hovering near $162.42.
Meanwhile, Wall Street rapidly recalibrated its valuation framework across the board with at least eight firms downgrading ratings and 20 cutting price targets within a week:
• Melius Research reduced its target from $315 to $185.
• Evercore ISI lowered its target from $465 to $186.
• KeyBanc moved its rating to Sector Weight, highlighting the difficulty of replacing a founder of Huang’s stature.
• Citibank’s $225 target reflects roughly 15x FY2027 earnings a ~20% governance discount relative to NVIDIA’s one-year average while maintaining a Buy rating because the drop toward 11x already priced in substantial transition risk.

Sector Rotation vs. CUDA’s Structural Moat

On the day of the announcement, AMD surged 5.86% and Broadcom gained 5.54% (extending rebounds of 44% and 24% from their respective lows), limiting the Philadelphia Semiconductor Index’s decline to just 0.54%. Capital did not exit AI semiconductors it rotated from a single dominant supplier toward alternative accelerator and custom ASIC vendors. Yet short-term stock rotation does not dismantle CUDA’s decade-long developer lock-in or DGX/GB system integration overnight; any real shift in cloud capex allocation will unfold over quarters rather than days.

Cross-Asset Spillover Into Crypto Markets

Volatility in $NVDA quickly transmitted into digital assets alongside firmer Treasury yields and rising oil prices. Across multi-strategy institutional portfolios, high-beta tech equities and cryptocurrencies share overlapping risk-budget constraints meaning sharp equity turbulence triggers simultaneous cross-asset deleveraging. That liquidity squeeze contributed to heavy derivatives liquidations across crypto markets, pulling Bitcoin down through $71,782 toward the $67,397–$68,000 zone and pushing Ethereum below $2,000 toward $1,907. For crypto traders, NVIDIA’s stabilization remains a key barometer for broader risk appetite.

November 17 Earnings: The True Dividing Line

Scheduled after the market close on November 17, 2026, NVIDIA’s FY2027 Q3 earnings report will serve as the decisive test for whether $148–$150 holds. Beyond headline revenue beats, markets need clear proof of continuity from Interim CEO Colette Kress across three fronts: unchanged customer order visibility, intact GB-series capacity guidance, and a transparent timeline for naming a permanent CEO. Until successor uncertainty and lingering congressional scrutiny clear, bounces around $162.42 are more likely to reflect valuation recovery and short covering than an immediate return to peak multiples. @Gate_Square