US Stock Market Move | Employees sign joint letter calling for Jensen Huang's return; NVIDIA Corporation (NVDA.US) rises nearly 2% in pre-market trading.

On Friday, NVIDIA Corporation (NVDA.US) rose nearly 2% in pre-market trading and is now at $169.24. On the news front, after multiple extramarital affair allegations were exposed and Jensen Huang announced his resignation, a large number of NVIDIA Corporation employees chose to publicly take sides, demanding that the board bring its founder back to lead the company. According to internal communications obtained by tech media outlet WIRED, a post in an internal "suggestion box" at NVIDIA Corporation has attracted more than 1,600 comments, the vast majority of which explicitly support restoring Jensen Huang's CEO position. At the same time, hundreds of other employees jointly signed an internal petition demanding Jensen Huang's reinstatement and calling for current board members to resign. Prior data from prediction market platform Kalshi showed that 90% of NVIDIA Corporation employees want Jensen Huang to remain in his position. Paul Meeks, head of technology research at investment bank Freedom Capital Markets, called on investors to buy NVIDIA Corporation shares "without hesitation." His reasoning is simple: as NVIDIA Corporation's stock price has plunged, the stock's valuation has become "absurdly low." Meeks specifically pointed to one metric. After Thursday's decline, NVIDIA Corporation's stock price is only equivalent to 10 times analysts' earnings expectations for fiscal 2028.