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$NVIDIA(NVDA)$ may be facing one of its most sensitive leadership controversies in recent years. ⚠️

On November 11, Reuters, citing a report from The Wall Street Journal, reported that NVIDIA's board was preparing to discuss whether to remove CEO Jensen Huang.

The news quickly sent shockwaves through the market. Could Jensen Huang, who led NVIDIA's transformation into a global AI chip powerhouse, really leave the company? And if its leadership changes, how much could that affect NVIDIA's future strategy? 🤔

📉 $NVIDIA(NVDA)$ Stock Performance: During regular trading on November 11, NVIDIA (NVDA) rose 2.87%, closing at $173.73. However, after reports of a potential leadership shake-up emerged, the stock plunged 8.61% in after-hours trading to $158.78.

The sharp contrast between regular-session and after-hours trading reflects growing investor concerns about a possible change in leadership.

Meanwhile, ARM CEO Rene Haas has emerged in media discussions as a potential successor. AMD could also attract greater attention as investors reassess the competitive landscape of the AI chip industry. On the infrastructure side, CoreWeave's latest earnings suggest that demand for AI computing remains strong, while IREN continues to expand its AI cloud business. 🚀

Today, we'll take a closer look at five stocks: NVIDIA, ARM, AMD, CoreWeave, and IREN.

1️⃣ NVIDIA's Leadership Crisis: What Exactly Happened?

On November 8, NVIDIA announced that its board had launched an independent investigation. This followed media reports alleging that Jensen Huang had connections with a woman reportedly linked to Chinese intelligence services. NVIDIA stated that there was currently no reason to believe U.S. national security or the company's confidential information had been compromised. The board also publicly expressed confidence in Huang and his management team.

But on November 11, the situation took a new turn.

Reuters reported that NVIDIA's board was preparing to discuss whether Huang should remain CEO. However, a board discussion does not mean that Huang has already been removed from his position.

For investors, the real question is whether a leadership change could affect NVIDIA's strategic direction, business execution, and partnerships across the broader AI industry.

Looking ahead, investors should pay close attention to whether the board issues an official statement and to NVIDIA's earnings report on November 17. In particular, management's latest comments on AI demand, supply capacity, and future business guidance will be crucial.

2️⃣ Wall Street Divided on NVIDIA: What Are Analysts Saying?

Beyond the leadership controversy, AI capital expenditure, restrictions on exports to China, and uncertainty surrounding future data center demand are also becoming major factors influencing NVIDIA's stock price.

Recently, several Wall Street firms have revised their ratings and price targets for NVDA, revealing a growing divide in market sentiment.

⚪ Baird: Sharp Price Target Cut and a More Cautious Outlook

Baird downgraded NVIDIA from Outperform to Neutral and slashed its price target from $500 to $200, a 60% reduction.

The firm's key concerns include reduced visibility into data center demand in 2027, a potential slowdown in AI capital expenditure growth, restrictions on exports to China, and uncertainty surrounding Jensen Huang's future at the company.

⚪ Bernstein: Downgrades Rating and Cuts Price Target

On November 12, Bernstein downgraded NVIDIA to Hold and reduced its price target from $400 to $200, reflecting a more cautious assessment of the company's future growth prospects and associated risks.

⚪ Morgan Stanley: Removes NVIDIA from Top Pick List but Maintains Overweight

Morgan Stanley removed NVIDIA from its top semiconductor stock picks but maintained its Overweight rating and $300 price target.

The move was related to the firm's stop-loss rules and does not represent a complete bearish shift on NVIDIA. Morgan Stanley remains optimistic about long-term demand driven by AI infrastructure investment.

⚪ Wells Fargo and Goldman Sachs: Maintain Bullish Ratings

Wells Fargo maintained its Overweight rating but lowered its price target from $315 to $300. Goldman Sachs maintained its Buy rating with a $300 price target.

Reuters-cited data also showed that among the 64 brokerage firms covering NVIDIA, 59 still rated the stock Buy or Strong Buy, with a median price target of approximately $314.

Overall, Wall Street has not reached a consensus bearish view. The key debate is how significantly leadership uncertainty, export restrictions, and changes in AI investment growth could affect NVIDIA's future growth and valuation.

Looking ahead, investors should pay close attention to whether the board issues an official statement and to NVIDIA's earnings report on November 17. In particular, management's latest comments on AI demand, supply capacity, and future business guidance will be crucial.

3️⃣ ARM and AMD: Could NVIDIA's Competitors Benefit?

If uncertainty surrounding NVIDIA continues to escalate, investors may increasingly turn their attention to other semiconductor companies.

🟢 $ARM Holdings(ARM)$: A Long-Term Opportunity in AI Computing

ARM CEO Rene Haas has appeared in media discussions about potential successors to Jensen Huang, although no formal succession plan has been announced.

From an investment perspective, ARM's long-term opportunity extends far beyond NVIDIA's leadership controversy. As demand for AI computing grows, the need for energy-efficient computing and data center processors could create new growth opportunities for ARM's chip architecture business.

However, market speculation about a potential successor does not automatically translate into higher revenue or valuation for ARM.

🟢 $Advanced Micro Devices(AMD)$: An Alternative in the AI Accelerator Market

AMD is one of NVIDIA's major competitors in the AI accelerator market. Its Instinct chip lineup and expanding software ecosystem could help the company attract more data center customers.

During regular trading on November 11, AMD shares jumped 7.32%, closing at $552.90.

However, NVIDIA still maintains significant advantages in its software ecosystem, networking products, and customer relationships. A decline in investor confidence in NVIDIA does not necessarily mean AMD will automatically gain market share.

4️⃣ CRWV: CoreWeave's Earnings Highlight Strong AI Computing Demand

As NVIDIA faces leadership uncertainty, CoreWeave's latest earnings report has brought renewed attention to the AI infrastructure sector.

The company reported better-than-expected third-quarter results and raised its full-year 2026 revenue guidance.

$CoreWeave, Inc.(CRWV)$ also said it expects to receive approximately $9 billion in customer prepayments and deposits over the next three months. These represent customer-related cash inflows, not an additional $9 billion in loans or financing.

Following the earnings announcement, CoreWeave shares surged 24.71% on November 11, closing at $60.77.

This reflects continued strong market interest in AI computing demand. However, CoreWeave still faces substantial capital expenditure, financing, and profitability pressures.

The key question for investors is whether the company can turn strong demand into sustainable cash flow.

5️⃣ IREN: Can Its AI Cloud Business Deliver on Its Growth Targets?

$IREN Ltd(IREN)$ is transitioning from its traditional Bitcoin mining operations toward high-performance computing (HPC) and AI cloud services.

In its fiscal first-quarter 2027 earnings report, released on November 5, the company disclosed:

• Total revenue: $228 million

• AI cloud revenue: $200 million

• Contracted revenue backlog: $20.3 billion

• AI cloud gross margin: 86%

IREN also stated that its target of achieving more than $4 billion in annual recurring revenue (ARR) is fully supported by customer contracts and secured funding.

However, investors should pay attention to changes in the expected timeline. Due to customer design adjustments and changes in supplier delivery schedules, the company pushed back its expected timeline for achieving this target from the end of 2026 to January 2027, with February also possible.

It's important to note that the $4 billion figure represents a contracted and funded ARR target, not revenue that the company has already generated.

Going forward, IREN's ability to deliver contracted AI computing capacity on schedule while managing capital expenditure will be critical to validating its growth outlook.

6️⃣ Which AI Stocks Deserve Investors' Attention?

All five companies are positioned to benefit from the development of AI, but their investment cases and risk profiles differ significantly.

AI infrastructure continues to offer long-term growth potential. However, investors are paying closer attention to management stability, financing requirements, project delivery timelines, and whether AI investments can generate meaningful returns.

7️⃣ What Should Investors Watch Next?

Over the coming days, four developments could influence the direction of AI stocks:

1. NVIDIA Board Decision: Any official changes to Jensen Huang's position could affect NVDA and related semiconductor stocks.

2. NVIDIA's November 17 Earnings: Financial results, forward guidance, and management's comments on AI demand will be major market catalysts.

3. CoreWeave's Profitability: Can its strong revenue growth translate into sustainable cash flow?

4. IREN's ARR Target: Whether the company can deliver its contracted AI computing capacity on schedule will determine the credibility of its growth targets.

The AI infrastructure investment story is far from over, but market priorities may be shifting. Beyond growth expectations, investors are increasingly focused on management stability, business execution, financing structures, and actual profitability.

Tigers, what do you think? 🐯

If Jensen Huang really leaves NVIDIA, would you turn to AMD and ARM, or would you see a pullback in NVDA as a potential buying opportunity?

Among NVDA, ARM, AMD, CRWV, and IREN, which stock do you think has the strongest long-term AI growth potential?

Share your thoughts in the comments below! 🚀

📚 Sources & References

1. Reuters — NVIDIA CEO Jensen Huang Leadership Crisis

2. NVIDIA Investor Relations — Statement from NVIDIA Board of Directors

3. Reuters / Investing.com — Baird Downgrades NVIDIA

4. Investing.com — Bernstein Downgrades NVIDIA

5. Reuters — Potential NVIDIA CEO Successors

6. NVIDIA Investor Relations — Financial Results

7. CoreWeave — Q3 2026 Earnings Report (SEC)

8. IREN — Q1 FY2027 Financial Results

9. Stock Analysis — NVIDIA Analyst Ratings and Price Targets

10. Stock Analysis — NVIDIA Historical Stock Prices

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. Market prices and expectations are subject to change.