NVIDIA just hit a 14-year low for its price-to-earnings ratio, now sitting at 12 times expected earnings.
This comes after CEO Jensen Huang resigned following personal scandals and reports of his extramarital affairs, including one with a woman alleged to be a Chinese spy, sending the stock down over 5% on Thursday and 12% for the week.
Colette Kress interim CEO at NVIDIA
With shares now more than 30% below their peak, investors are worried about a slowdown in AI data center growth.
CFO Colette Kress is stepping in as interim CEO while the company searches for a permanent leader.
All eyes are on Kress's upcoming statements: analysts still expect huge revenue and profit jumps this quarter, but her words could make or break investor confidence going forward.