HSBC has downgraded Nvidia to a hold rating because of uncertainty surrounding the search for a permanent chief executive following Jensen Huang’s sudden resignation on November 12, 2026. Colette Kress, the company’s chief financial officer, was named interim chief executive while the board evaluates potential candidates. Investors appear to view the downgrade as a sign of weakened confidence in Nvidia’s strategic direction and stability. The perceived odds of Colette Kress becoming permanent chief executive fell from 24% to 13%, and further announcements about the appointment could affect the stock’s market outlook.
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