Nvidia still plans to report earnings on November 17, in the first results presentation without Jensen Huang at the helm, and the market will watch every number for a sign of how the company runs without its founder. The company guided to 108 billion dollars of revenue, plus or minus 2 percent, with commentary at about 4:20 p.m. Eastern Time and a call at 5:00 p.m.
Why it matters
Chief financial officer Colette Kress is interim chief executive, and she will present the results that Huang used to own. The shares fell as much as 14 percent at the open on Thursday before closing down 4.34 percent at 166.19 dollars, and the stock is on track to wipe more than half a trillion dollars of market value since the board opened its investigation.
The numbers to watch go beyond revenue. Investors will want to know whether the circular financing deals, in which Nvidia pumps cash into its customers to fuel more chip sales, are still intact, and whether the data centre demand that drove the boom is still growing. The company has committed 30 billion dollars to an OpenAI financing round, and the guidance will show whether that bet is still paying off.
What happens next
The other test comes the same week, when Anthropic initial public offering lists and tests the appetite for AI exposure without Nvidia at the centre. A strong debut would calm the market, while a weak one would confirm that the fear has spread beyond a single company.
For now, Tuesday is the date that matters. If Kress presents cleanly and the guidance holds, the interim will gain authority and the board will gain time to choose a successor. If the numbers disappoint, the search becomes more urgent and the stock has further to fall.
The other test comes the same week, when Anthropic initial public offering lists and tests the appetite for AI exposure without Nvidia at the centre. A strong debut would calm the market, while a weak one would confirm that the fear has spread beyond a single company and into the wider AI trade.
