Changes in US stocks | Employees jointly call on Wong In-hoon to return to Nvidia (NVDA.US) to rise nearly 2% before the market

The Zhitong Finance App learned that on Friday, Nvidia (NVDA.US) rose nearly 2% before the market and is now reported at $169.24. According to the news, after many allegations of extramarital affairs came to light and Wong In-hoon announced his resignation, a large number of Nvidia employees chose to stand up publicly and ask the board of directors to take their founder back to the helm. According to an internal communication obtained by the tech media “WIRED” (WIRED), a Nvidia internal “comment box” post has attracted more than 1,600 comments, the vast majority of which clearly support the reinstatement of Hwang In-hoon as CEO. Meanwhile, hundreds of other employees jointly signed an internal petition demanding the reinstatement of Hwang In-hoon and calling for the resignation of current board members. According to previous data from the prediction market platform Kalshi, 90% of Nvidia employees want Hwang In-hoon to stay in office.

Paul Meeks, head of technology research at the investment banking agency Freedom Capital Markets (Freedom Capital Markets), called on investors to buy Nvidia shares “without hesitation.” His reason was simple: as Nvidia's stock price plummeted, the stock's valuation was already “ridiculously low.” Meeks pointed out one indicator in particular. Following Thursday's decline, Nvidia's stock price was only 10 times what analysts expected to earn for the 2028 fiscal year.