Nvidia shares found a floor at $148.80 on Thursday, finishing the session down 4.3% after CEO Jensen Huang resigned and CFO Colette Kress became interim chief executive, according to a technical analysis published on TradingView by the analyst EmpressBTC. The stock had plunged 14% at the open before buyers absorbed the selling and pushed price back to approximately $166.

The same session capped a bruising week. From the start of the scandal through Wednesday's close, the stock lost 27%. The trader now tracks a recovery toward $209.90, just above the prior high of $209.13.

What happened to Nvidia's leadership?

Nvidia launched an independent investigation on Sunday into reports that Huang had been targeted by a foreign intelligence operation. The board then weighed his future, and reports of that discussion knocked the stock 8.6% lower in after-hours trading. On Thursday Huang resigned, and Kress, the longtime chief financial officer, stepped in as interim CEO.

The share price told the story of the week in sequence:

• Monday: down 4.3% on the initial reports.
• Tuesday: down 5.47%, extending the slide.
• Wednesday: up 2.87%, on the day Morgan Stanley removed Nvidia as a top pick.
• Thursday: down 14% at the open, closing down 4.3%.

Why is the trader leaning long?

EmpressBTC bases the bullish case on one central fact: sellers forced a 14% gap down on Thursday and could not hold it. Price recovered from $148.80 to roughly $166 and has been basing since. The analysis identifies a base box between $163 and $165, with a reclaim line at $170.51.

Wall Street took the news with limited fallout for the wider artificial-intelligence trade, the trader noted. Analysts say Nvidia continues to sell AI chips (the graphics processors that power large AI models) at a quick rate and remains the industry's leader.

What are the price targets?

The trading plan requires the base box to hold and a reclaim of the $170.51 line. From there, EmpressBTC has set three targets:

• First target: $180.31
• Second target: $195.95
• Final target: $209.90, just above the $209.13 high

The idea carries a defined invalidation level. A daily close below $163 cancels the setup, the trader stated.

What are the risks?

Two pressures temper the rebound case. Analysts expect volatility and downward pressure for the foreseeable future, and national-security scrutiny tied to the intelligence reports could bring tighter oversight of chip exports (government restrictions on selling advanced semiconductors abroad). Earnings also remain ahead, a scheduled event that could reprice the stock in either direction.

For now, the market's verdict is written in the Thursday candle: a 14% opening discount that buyers refused to sustain, a close near $166, and a base that traders will watch against $163.