Paul Meeks, head of technology research at Freedom Capital Markets, says he is buying Nvidia shares “with both hands” following Jensen Huang’s resignation. He believes the scandal-driven decline has brought the stock to about 10 times analysts’ earnings estimates for fiscal 2028. Nvidia shares fell 20% in November, while the company’s market capitalization shed hundreds of billions of dollars since the beginning of the month. Nvidia named Chief Financial Officer Colette Kress as interim CEO while it searches for a permanent successor to Huang, who led the company for more than 30 years. Meeks is betting on the strength of Nvidia’s products despite uncertainty over its long-term strategy and China-related operations.
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