Nvidia faces leadership test as Cramer warns on Huang exit

Nvidia stock fell over 6% in two sessions after CEO Jensen Huang resigned on Nov. 12, wiping out roughly $260 billion in market value, with Jim Cramer warning the company will struggle to replace him. Cramer backed CFO Colette Kress as interim CEO for operational stability but called Huang "irreplaceable" due to his unique flat management structure, where he made key trade-off decisions directly with engineers and staff. Analyst Stephanie Link sold shares despite strong fundamentals, citing prolonged headline risk. Nvidia trades at about 17.5 times forward earnings, well below its five-year average, and faces a key test on Nov. 17 when it reports quarterly results, with investors watching guidance and customer commitments.