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
There’s likely more things going on behind the scenes that we aren’t being told about. This probably isnt about the affair but something else like the board wanting to get rid of him or use him as a scapegoat for lower share prices while the AI bubble begins to collapse. I seriously doubt the board just learned about this in the past few weeks.
That makes sense. For all we know someone on his staff has been pining for his job and been whispering in the boards ear for a long time
This but also Elon had more political clout at the time, he has way way more control over the stock and the board, and the stock was super inflated based solely on Elon and shit he was saying.
At the time everyone was saying that firing him, even if possible, would send the stock down to like 10% of its value. Which there’s no way a board would do.
Also that’s still true.
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. 🤷
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.
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.
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.
It’s just an excuse to pint at while the bubble pops.
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…
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.
Yeah, but if I was a public figure and got caught sleeping around my wife and I would both be making statements pretty quickly about how she knew and was cool with it. We’ve heard nothing of the sort from them
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 think this is one of the few cases where the CEO’s position does matter. There has been a schism within the US govt and tech sector over whether or not to sell AI chips to China. Jensen Huang was the unofficial leader of the ‘yes’ faction, arguing that it would cut Huawei’s marketshare (and therefore R&D budget). Of course, Nvidia being allowed to sell chips to more customers is in his interest, so he isn’t entirely neutral here. Now the US govt and US customers of Nvidia’s chips will demand further restrictions on chip sales to China. In the short term, their sales will fall slightly. In the long-term, Huawei will overtake them.
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.
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
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.
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.
**EDIT: ** I stand corrected, he stepped down. Though, unsurprisingly, the stock took another shit.
Is he? He’s always seemed extremely tangental to me.
I don’t think I’ve ever heard the man speak
He wears those jackets like he’s already divorced and trying to pick up ladies 20 years younger.
