I am surprised by the market and boards response to this, when you have someone like Elon who was visibly on drugs in the oval office and he’s still puttering around causing problems
I was also surprised. Musk has literally made cars with an autopilot that killed a lot of people and made a nazi salute in public.
I think this will also blow over but it would be a big deal I guess if jensen is replaced.
Nvidia has a report in six days and at this price of 158 dollars, a good report may actually boost the stock for once.
Mostly because Musk has been able to keep his stocks mostly high. Jensen’s actions might be the start if the bubble collapse, casuing the boards investments to all start plummeting. They want to try to right the ship before they lose too much value.
That being said, I don’t know if a new CEO is going to be better for consumers looking for GPUs. The new CEO might only care about data center compute given the size of that business currently.
The stock market is such a fucking sham.
If people really believed Nvidia was an indispensable part of the future yesterday, that hasn’t changed in the slightest regardless of how many honeypots Jensen was messing around with. We didn’t really need any MORE proof, but the fact the stock is falling is absolute evidence that nothing even close to reality or future potential drives stock valuations.
I’m sure it has NOTHING to do with illegal exports and the reports this was known since 25 and covered up. And those that helped cover were just dealt a historic blow.
Yah it has more to do with thr idea that the gov will crack down on these exports, hurting sales. That might pop the bubble since the whole AI movement is now looking shaky to begin with.
They could be reacting to the likelihood of the board removing him as CEO, rather than the company’s role in society. He’s been the only CEO since the company began, and they have certainly performed better than the competition. There’s no way of knowing what a new, unnamed CEO would do.
Realistically though, those are long-term concerns. The market tends to be much more short-sighted, usually on this quarter’s results.
It’s insane that a company that exist only for profits, has higher standards than is required for the US presidential position which is supposed to serve the good of the people and the country.
USA is a crazy country.
The USA would have turned on a president back in the day for having a affair we literally saw that happen with Clinton. The president would have been impeached.
It’s literally that Trump filled the government with people sycophantic to him and broke so much stuff that holding him accountable is a pipe dream.
On the other hand, I read an article that basically alleged that Huang’s wife was in oj the deal to sell chips to the CCP and I suspect the affair(s) was an open secret. The only reason they are considering ousting him is to save face and curtail the scope of the probe/investigation.
Don’t get it twisted, they’re more concerned that the gov will attack the company over its illegal exports and that the CEO might get fired, him being the boss for over 3 decades, he’d bee tough to replace. This combination could pop the already stressed bubble AI is in since theirs no telling how well a new CEO will fair
I don’t get it, wall street and business in general are all happy about Orange, cheater and rapist, yet when Huang has affairs, they go bloody red. Not to mention delusional lying impregnator Elon. 🤷
Neither huang nor the other lady are white. Trump and elon are.
Yeah, but… and hear me out, those affairs were not of pedophilic nature. If you want to play with the big boys you got to… no, not going to finish that sentence, need to go clean myself in the shower from all this crap.
Play with the little ones first?
Terrible. Seemingly true, but terrible.
Well it matters for more than one reason. He cheated on his wife with a literal spy, that is going to hurt Nvidia especially now that Democrats are going to take power and they may actually hold people accountable for breaking export restrictions.
Then there’s the fact that his a wife may divorce him and there is no prenup. Most of his wealth is Nvidia stock and she will take half of that. Overnight she’s gonna become a major stakeholder in the company. How she will act with that power nobody knows and investors don’t like unknowns.
Export restriction violations is my guess.
They want to say “he’s gone, we fixed it” and avoid any consequences while pocketing a fuck ton of illicit money.
Jensen doesnt even own a majority stake of the company… his wife doesnt suddenly become a major shareholder even if she took ALL his shares
He has 3-4% of the shares as the largest individual shareholder.
Wonder if it’ll hurt them anywhere close to the 7B worth of GPUs she helped them sell to China
Orange was voted in, they can’t oust him. Plus being president of the United States tends to come with a lot of power. Jensen only has a 3.6% stake in the company and no supermajority requirements like Tesla has. This second relationship is with a vice president who reports directly to him. Many have been ousted in the past for having relationships with employees in violation with company policy, e.g. Intel’s Krzanich and Nestlé’s Freixe.
When the leadership does something bad its one thing, when the arms dealer does something bad its a WHOLE OTHER can of worms. This has been true since ye olden times. This is just the modern equivalent. Jensen and his leather jacket is literally the biggest arms dealer in the digital space functionally speaking.
And when leadership was more lax and forgiving investors are going to not react as hard, but with a shift in leadership at a pivotal point where its highly unclear if that shift is going to matter or not. It means you as an investor need to hedge HARD and be really cautious.
All it would take is a reclassification, restriction or some other change that limits or pulls in nividia and the rest of the compute space to bankrupt a LOT of the investors right now because of how large things have gotten.
If the new leadership decides that Nvidia and their products and secrets are now also matters of not only national concern but national defense? Which considering how things are being treated in some respects is not a unreasonable consideration. The entire global market could shift fast and hard, leaving a lot of investors holding a bag.
Politicians just need to see the whole AI and digital war front as a thing that needs to addressed with more seriousness and decide that nvidia/amd is no longer allowed to deal with china at all and it would likely pop the bubble HARD.
I think the most likely scenario is that the affair with the Chinese spy is much worse than has been revealed in the press so far, so NVIDIA is trying to get ahead of that story by revealing this and ousting Jensen for it, even though it’s fairly uncommon to fire a CEO over an affair.
And nobody mentions the possibility that this guy and his wife may have an open or poly marriage, an agreement not as uncommon as most people think. Due to stigma most poly people don’t tell everyone or anyone about their love life - because it is their love life, not that of a billion spectators or whoever.
About the spying I can’t say anything. About their marriage I can say: Let the two decide what they make of it.
While I can agree with you that he and his wife can be in a open marriage, if that fits them good for them honestly, the problem is that he slept with an alleged Chinese spy (probably used to be able to blackmail him and/or circumvent export restrictions) and a manager from NVIDIA (with the company rules that explicitally forbid them).
I see this as a “who” problem more than a “what” problem.
Given that Huang said he was unfaithful to his wife and made a public apology to her, I don’t think they had an open or poly agreement. As another poster mentioned there might not be a prenup either so a divorce (which is likely) will force Huang to hand over half of his shares making his wife a major shareholder overnight. That creates a lot of tension for people invested in Nvidia.
Plus half his leather jackets. That’s probably worth another 2% of Nvidia stock
Why are people speculating on another man’s intimate relations?
Not my business, don’t care. Consenting adults and all that.
Partly because it affects what is functionally one of the largest arms dealers in the digital space. Partly because it affects the giant global bubble that could crash half the planet and driectly impact the vast majority of every human living on it economically in extreme ways.
Part because people just like gossip.
I suppose it’s a question of image: if you’ve hit rock bottom anyway, nothing matters these days. But if you’ve got a good reputation…
Fun fact! 🙃
The CEO of AMD and Nvidia are cousins!
cousins!
Mabye
Its gonna be a fun christmas dinner
He wears those jackets like he’s already divorced and trying to pick up ladies 20 years younger.
How many of those jackets has he also fucked?
Nvidia spent 33 years building a parallel computing empire while apparently keeping its leadership architecture strictly single threaded. The scandal is serious, but the bigger corporate failure is having no clear successor. Imagine selling redundancy to the world and forgetting to install a backup CEO.
Pretty sure someone from the trump circus is more than ready to take over.
Let’s just add it to the acquisitions for the skydance conglomerate. What could go wrong?
He won’t be ousted, maybe at most forced to forgo some stock. He’s too intrinsically tied to the value of the company. Sort of like Musk and how overvalued his companies are, but to a lesser extent.
Is he? He’s always seemed extremely tangental to me.
I don’t think I’ve ever heard the man speak
This is going to be like when openAI ousted altman all over again.
Looks to me like he is just a sales man that talks a lot of bs. Anyone can replace him. Even AI could do that job.
god that would be hilarious if they trained a model off of all his interactions and public appearances and then had a virtual CEO.
I know everyone hates a salesman, but sales is absolutely a trade and some people are way better at it than others.
Functionally, that is true for all CEOs. But this is a PR game.
theres no way the BOD dint know about his affair before it hit the news, they probably only started the process because its bringing too much attention on nividia.
He wears those jackets like he’s already divorced and trying to pick up ladies 20 years younger.
