Leadership Shakeup at Nvidia: Jensen Huang Resigns

Jensen Huang's resignation is an extremely negative development for Nvidia; the departure of a visionary leader who is at the center of the company's AI story creates uncertainty. The technical picture is already weak: the price is below the SMA20 and SMA50, MACD is in negative territory, and RSI at 37 points to weakness. Along with the news, increased selling pressure in the short term and a test of supports around $160 can be expected. Nevertheless, one should not be overly assertive, as the market's speed in digesting the news and possible official statements carry uncertainty. I foresee a predominantly downward trend in the 1-3 day horizon.

Although the news of Nvidia CEO's resignation creates uncertainty in the sector, it is not directly negative for AMD; in fact, the turmoil in rival leadership could provide a relative advantage for AMD in the short term. However, since the accuracy and details of the news are uncertain, the impact may remain limited. On the technical side, the price is below the SMA20, RSI is neutral, and MACD is below the signal line; momentum is weak. Although the 4.2% rise in the last 24 hours indicates a partial recovery, volume and a close above the SMA20 are needed for confirmation. Therefore, I assess the direction as cautiously upward-biased with low confidence.