Paul Meeks, head of technology research at Freedom Capital, recommends buying Nvidia shares despite the resignation of CEO Jensen Huang. He says the stock’s 20% decline in November alone has brought its valuation below 10 times estimated earnings for fiscal 2028. He describes the resignation announcement as a market-clearing event and expects interim CEO Colette Kress to ensure the company continues operating smoothly. Meeks also notes that analysts’ earnings models did not generate much revenue from China, limiting the impact of potential further U.S. restrictions on sales to the country.
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