Nvidia After Jensen Huang: $89 Billion Quarter Meets a Leadership Vacuum

Nvidia reported $89 billion in data center revenue for its second fiscal quarter of 2027, up 117% year on year, even as the company enters an abrupt leadership transition: founder Jensen Huang is leaving the chief executive role and his board seat after 33 years at the helm. Chief financial officer Colette Kress has taken over as interim chief executive. The figures come from the latest available results as reported by ActivTrades analyst Ion Jauregui.

The departure of the founder removes the central strategic and commercial figure from the company that has become the stock-market protagonist of artificial intelligence. The market must now judge how much of Nvidia's competitive edge rests on a consolidated corporate structure, and how much depended on Huang's personal leadership.

Who runs Nvidia now?

Kress has been at Nvidia since 2013 and has been directly involved in its financial expansion, which gives her credibility as a potential permanent solution if she can guarantee strategic continuity. The board, however, has confirmed it will search both internal and external candidates, so her appointment is not assured.

Two high-profile public reactions have added noise to the process. Elon Musk replied that it would be "an honor" to hire Huang, after a user on X suggested bringing him into Musk's business circle; no formal offer is known. Donald Trump publicly proposed former Apple chief executive Tim Cook as a replacement — a suggestion that implies neither a candidacy nor any decision by the board.

The takeaway: the succession is genuinely open, and outside names circulating in public carry no formal weight.

What do the fundamentals show?

The latest numbers paint a picture sharply different from the corporate uncertainty. Beyond the $89 billion in data center revenue, Nvidia has forecast total revenue of $108 billion for the third quarter, with a gross margin of 74%.

The engine of the business continues to grow at pace. But high expectations and heavy dependence on investment in artificial-intelligence infrastructure keep the performance bar extremely high. Succession risk, competition and trade restrictions with China all add pressure to an already demanding valuation.

The takeaway: the business is still solid, but the margin for disappointment has rarely been thinner.

Where does the stock stand technically?

Since its highs of $243, Nvidia has lost its 50-, 100- and 200-session exponential moving averages, which now sit between $204 and $215. The relative strength index stands at 26 points, reflecting extreme oversold conditions, while the MACD retains its bearish bias.

On the downside, the first support sits at $148.80, followed by $140 and $123. On the upside, recovering the $170-171 range would be the first step toward easing selling pressure, with $190 and the $204-215 zone marking further resistance levels.

The takeaway: the stock is oversold, but the trend has deteriorated and no reversal signal has yet appeared.

What comes next?

Nvidia's results on November 17 will be Kress's first test as interim chief executive. Until that date, the recovery of the $170-171 level will serve as the key reference for assessing whether the stock-market punishment is starting to lose intensity.

The company keeps an enormously fast-growing business, but the management transition introduces a risk that is difficult to quantify — one that investors will weigh against a $108 billion quarterly revenue forecast and a 74% gross margin in the months ahead.

Note: the underlying analysis was prepared by ActivTrades as a marketing communication and does not constitute investment research under legal requirements designed to promote the independence of investment research.