Jim Cramer Nvidia Stock Comments: “It Had to Happen” After Jensen Huang Resigns as CEO

Jensen Huang resigned as Nvidia CEO on November 12, 2026, CNBC reported, amid a widening scandal over reported affairs: one Huang admitted with Megaspeed executive Alice Huang, whom U.S. intelligence agencies reportedly suspect of working for China (Beijing has denied involvement), and a New York Times report of a relationship with an Nvidia executive who reported to him. Nvidia’s board had opened an investigation on November 8. Background: Alice Huang and Megaspeed and Jensen Huang’s career.

“It had to happen. There’s way too much evidence.” — Jim Cramer, Nov 12

On the new interim CEO, longtime CFO Colette Kress, Cramer said: “I like Colette very much,” and that she will “provide some needed order.”

CNBC reported Nvidia shares were down more than 8% at 9:40 a.m. ET and off more than 14% at the morning low. By mid-afternoon they were still down about 5%, a “dramatic recovery” from the lows. Week-to-date losses were “north of 12%”.

Cramer’s explanation for why it was not worse: there are many strong candidates, inside and outside the company, to replace Huang permanently, and Nvidia’s multiyear product roadmap still stands. Nvidia reports fiscal third-quarter results on Tuesday, November 17, and Cramer suggested it should preannounce.

Track the whole sector on our AI data center stocks page.

For years, “own it, don’t trade it” was the CNBC Investing Club’s default view on Nvidia. On Mad Money on November 9, Cramer broke with it:

“We are going to have to consider owning shares in a Jensen-less Nvidia.”

“You can no longer be bound by our ‘own it, don’t trade it’ mantra.”

He called Nvidia “a less attractive stock than it was a week ago” but said, “We are not anxious to dump [Nvidia].” On November 10 the Club cut Nvidia to a hold-equivalent 2 rating. His Charitable Trust has held Nvidia since early 2019 and is still long the stock.

On November 12, Cramer named three stocks he prefers while Nvidia’s leadership is in flux:

• AMD: “I want to own AMD so badly it’s killing me.” The Club was restricted from buying at the time. See our AMD Q3 2026 earnings breakdown.
• Constellation Brands (STZ): the Club’s newest position, a “huge buy”.
• Kimberly-Clark (KMB): one of his favourites right now.

This is Cramer’s opinion, not advice from us. The AI build-out Nvidia sells into continues regardless of who is CEO. You can price that demand yourself with the AI Build Configurator.