Nvidia after Jensen Huang: earnings week, the AI chip sell-off and what DCA did
The biggest company story of the year landed on Thursday, 12 November: Jensen Huang, who co-founded Nvidia in 1993, resigned as CEO, president and board member with immediate effect. CFO Colette Kress is now interim CEO, and the board named its first-ever chair, former Synopsys boss Harvey C. Jones. Nvidia reports quarterly results on Tuesday, 17 November, and Anthropic is expected to start trading on Nasdaq two days later.
So this week a lot of people are asking the same thing: is Nvidia still a good long-term holding, and should I change my plan? We can't answer that for you, but we can show what the numbers say.
What happened, in short
- Nvidia said Huang stepped down after a board review of his personal conduct, which followed press reports in late October. The company says operations, customer commitments and the product roadmap continue as planned, and the board is looking at internal and external CEO candidates.
- The stock fell more than 11% at Thursday's open, closed down 4.3% at $166.19, then lost another 2% on Friday. Over the week it dropped about 12.75%.
- The sell-off spread on Friday: AMD fell 8.75% to $534.06, Dell 7.3%, CoreWeave 6.2% and Broadcom 4.9%. HSBC cut Nvidia to "hold", arguing the shares may struggle until a clear succession plan exists.
- Nvidia's market value peaked at about $5.8 trillion in October. At Thursday's close it was about $4 trillion, and Apple is now the world's most valuable company.
Today Nvidia trades at $162.85.
What $10 a day in Nvidia did
Headlines focus on one bad week. A regular investor sees a longer picture. If you had put $10 a day into Nvidia for the past 5 years, you would have invested $18,410, and today it would be worth $67,566 (+267%). A single $1,000 purchase 5 years ago would now be worth $5,005.73.
Even after this week, that is one of the best DCA results of any large stock. But look at the shorter window too: over the last 12 months Nvidia is roughly 8% lower on our monthly data, and the share price is close to 29% under its best monthly close of this cycle. Someone who started buying a year ago is now in the red, and that is completely normal for a volatile stock.
Nvidia vs other AI stocks
Here is the same $10-a-day plan across the main AI names and the S&P 500, over 5 years:
| Asset | Invested | DCA · 5 years | Result | $1,000 5 years ago |
|---|---|---|---|---|
| Nvidia | $18,410 | $67,566 | +267% | $5,005.73 |
| AMD | $18,410 | $75,916 | +312% | $3,372.23 |
| Broadcom | $18,410 | $62,787 | +241% | $6,846.65 |
| Microsoft | $18,410 | $27,352 | +48.6% | $1,648.16 |
| Palantir | $18,410 | $152,633 | +729% | $8,135.11 |
| S&P 500 | $18,410 | $27,951 | +51.8% | $1,770.46 |
And over the last year, where the picture looks very different:
| Asset | Invested | DCA · 1 year | Result | $1,000 1 year ago |
|---|---|---|---|---|
| Nvidia | $3,800 | $3,181.55 | −16.3% | $922.26 |
| AMD | $3,800 | $6,257.53 | +64.7% | $2,455.11 |
| Broadcom | $3,800 | $3,665.86 | −3.53% | $867.56 |
| Semiconductors (VanEck) | $3,800 | $3,929.31 | +3.40% | $1,386.01 |
| S&P 500 | $3,800 | $3,999.33 | +5.25% | $1,115.77 |
Interesting detail: AMD more than doubled over the past 12 months while Nvidia went sideways. Last week AMD reported $13.4 billion in quarterly revenue, with data-centre sales nearly doubling. Leadership in AI chips is not fixed, which is why many beginners prefer a basket such as a semiconductor ETF (SMH or SOXX) over a single stock.
What to watch on Tuesday
Nvidia's own guidance for the quarter was $108 billion in revenue (±2%) with a gross margin near 74%, and it assumed no data-centre chip sales to China. Last quarter it reported $96.2 billion, more than double a year earlier.
Things the market will focus on:
- Did it beat $108 billion, and what is the next-quarter outlook? Strong numbers alone may not be enough this time. Analysts also want clarity on customer commitments and how big AI buyers are financing their data centres.
- Who is running the company. Expect questions about the CEO search and whether key engineers and partners are staying.
- Big Tech spending. Nvidia's revenue is other companies' AI capex. Any hint that clouds are slowing orders would hit the whole sector.
The two sides of the debate
The bear case. Nvidia was built around one founder's vision, and nobody knows yet who replaces him. HSBC thinks the stock may stay under pressure until there is a plan. On top of that, investors already worried about huge AI infrastructure bills, and after the midterms there is talk of stricter rules for data centres.
The bull case. The products, customers and order book did not leave with Huang. The board says the roadmap is unchanged, demand for AI chips was still growing very fast last quarter, and one bad week has not changed the 5-year DCA result above. Some investors see a sharp drop in a still-growing business as a chance to keep buying on schedule.
Both views can be true at once: the business may stay strong while the stock stays volatile for months.
Anthropic's IPO and AI tokens
Anthropic plans to sell 825 million shares at $70–78 under the ticker ANT, aiming for a value of about $1.2 trillion at the midpoint. It reported $35.3 billion of revenue for the 12 months to September. Pricing is expected on Wednesday and trading on Thursday. Newly listed stocks often swing wildly in their first weeks, and there is no price history to run a DCA test on yet.
AI crypto tokens are a much riskier corner of the same theme. Bittensor (TAO) is about 75% below its all-time high, Render about 90% and FET about 96%. All three peaked in March 2024.
| Asset | Invested | DCA · 1 year | Result | $1,000 1 year ago |
|---|---|---|---|---|
| Bittensor | $3,800 | $3,145.08 | −17.2% | $659.52 |
| Render | $3,800 | $3,346.05 | −11.9% | $805.96 |
| Artificial Superintelligence Alliance | $3,800 | $2,691.26 | −29.2% | $511.53 |
| NEAR | $3,800 | $6,845.61 | +80.1% | $1,732.92 |
| Bitcoin | $3,800 | $3,327.76 | −12.4% | $713.5 |
If you want AI exposure, compare these numbers carefully before mixing tokens into a plan. You can see all of them on our AI stocks and tokens page.
FAQ
Should I sell Nvidia because Jensen Huang left? We don't give personal advice. A CEO exit raises uncertainty, but a DCA plan is built so you don't need to react to single events. Decide in advance how much of your money one stock should be.
When does Nvidia report? Tuesday, 17 November 2026, after the US market close, with the call at 2 p.m. Pacific time.
Is there a less risky way to invest in AI? A broad index fund or a semiconductor ETF spreads the risk across many companies. You can compare NVDA with SMH, SOXX or the S&P 500 yourself.
Can I buy Anthropic shares? Once trading starts, through a broker that offers US stocks. Check our exchanges and brokers page.
Sources
- Nvidia: CEO transition announcement (SEC filing, 12 Nov 2026)
- Nvidia: Q2 fiscal 2027 results and Q3 outlook (SEC filing)
- Forbes: AI and chip stocks finish down on Friday
- The Motley Fool: AMD sinks 8.75% on AI-chip sell-off
- Eurasia Business News: tech stocks fall as Nvidia earnings and Anthropic IPO loom
- Renaissance Capital: Anthropic sets terms for its IPO
- Prices, DCA results and distance from all-time highs: WhatIfStack data, updated November 2026.
Not investment advice. Past performance does not guarantee future results.
