Cramer Says Apple Investors Who Sold After Steve Jobs Missed Years Of Gains. The Stock Is Up Nearly 3,000% Since. Now He's Asking If Nvidia Needs Jensen Huang

Dan Niles, founder of Niles Investment Management, began buying Nvidia Corporation shares on Tuesday after starting the session without a position. Niles pointed to semiconductor stock weakness and Nvidia trading at about 12 times earnings following declines this year. Speaking on CNBC's "Fast Money," he stated, "I don't know how it gets much more negative than what we saw today on Nvidia." Niles compared the situation to Apple Inc. after Steve Jobs departed and died in 2011, noting that Apple shares still gained 25% that year despite losing its visionary founder. According to 24/7 Wall St., Apple's adjusted share price rose 2,980.67 percent from October 5, 2011, through the November 10, 2026 close, while the SPDR S&P 500 ETF rose 555.41 percent over the same window.

Nvidia shares fell 4.27 percent on November 9 to close at $178.67, wiping out nearly $190 billion in market value, as reported by Reuters and cited by TheStreet. On CNBC's "Mad Money," Jim Cramer recalled how investors who sold Apple after Jobs' death missed years of massive gains under Tim Cook. Cramer urged Nvidia to "Name an interim CEO, perhaps Ian Buck, to show that there is more to this company than one person." Cramer also noted that Jensen Huang is still CEO and retains the support of Nvidia's board of directors.

The scrutiny follows developments involving Jensen Huang. Huang acknowledged in a November 8 message to employees that he had been cheating to his wife. Nvidia's board stated that independent directors, supported by outside counsel, would investigate whether Huang was targeted by a foreign intelligence operation, though the board has no reason to believe national security or confidential information was compromised. A shareholder lawsuit filed on November 9 accused Nvidia and Huang of holding back information, though those claims remain unproven. Dan Ives noted that Nvidia could fall another 30 percent in a "spy soap opera" scenario involving Huang, and added that a board investigation could take four to six weeks.

Nvidia's next earnings report is expected after the close on November 17, though the company has not confirmed the date. The report will show whether Nvidia delivered its guided $108.0 billion quarter and whether management addresses leadership directly.