BREAKING: Nvidia, $NVDA, is now working with an "outside firm" to find a new CEO to replace Jensen Huang, per Bloomberg.
The company is also reportedly weighing naming a temporary CEO while searching for a replacement.
Because of an affair, the NVIDIA boards want to remove Jensen the core founder of the company from his CEO role, it doesn't make sense at all.
He is the best man for that role. He build NVIDIA from scratch to this amazing level, he need you all support.
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If Jensen loses his job, he might be getting calls from more than just Elon.
Back in 2013, Morris Chang offered Jensen Huang the CEO job at TSMC. Jensen turned him down. His answer? “I already have a job.”
The whole Jensen Huang saga is insane. And the timing is so sus.
Who can truly replace him? Gaming, CUDA, AI. Jensen saw all these coming years before everyone else.
Then there’s Nvidia’s Asian upstream suppliers. TSMC, SK Hynix, Samsung. Who can pick up the phone and speak to Morris Chang the way Jensen can? Or sit down for fried chicken and beer with the Korean chip bosses?
For ASEAN. If Jensen goes, I wouldn’t be surprised to see the data centre buildout across the region slow down, along with GPU sales through SG/MY. This saga was partly to close off China’s access to GPUs through ASEAN.
That said, $NVDA is a public company. If I were on the board, I’d be calling the top 10 shareholders right now. Find out what they think before doing anything drastic.
I’d also run an anonymous survey among Nvidia employees. Let them vote. And if needed, break down the responses by gender.
At the end of the day, shareholders own Nvidia, and the employees built it.
take back the throne, build another empire, burn out or fade away?
If you're gonna put men and women in a work environment, where women are going to clearly see who is at the top of the pecking order, and the man at the top is a plugged in dork with power, fame and fortune.
They are gonna fuck eventually.
Personally, I don't care where the CEO puts his dick or if he's married or not. The outrage is gay.
It's like getting mad at the sun for being hot or water for being wet.
This is human nature.
Let Jenson get on with the business of running NVDA.
BREAKING: Jensen Huang to be fired as Nvidia CEO after he had affairs with Chinese spy and Nvidia executive
Over $250,000,000,000.00 wiped from Nvidia perpetual futures
Our message to Nvidia's board:
Do not fire Jensen Huang.
There is no clear replacement for Jensen Huang. We are confident that his departure would ultimately be a net negative for Nvidia, its shareholders, and the AI Revolution.
First, take a look at the data. History also suggests that removing a successful CEO will come with a significant cost.
A study of 187 forced CEO departures from S&P 1500 companies found that removing outperforming CEOs resulted in negative long-term stock returns. This case would be no different, in our view.
Jensen Huang is the definition of an outperforming CEO. Nvidia's board must not make a decision in the heat of the moment.
The board should take the time to conduct a thorough investigation and consult with shareholders, with a strong emphasis on the latter.
Quite literally, Nvidia's board should convene a special shareholder meeting and hold an advisory vote on this decision. This is the most consequential CEO controversy in world history. Shareholders deserve a say.
In addition, Nvidia's stock, $NVDA, is now down -35% in 26 trading days, nearly half of which is a result of the recent scandal.
We believe Jensen Huang's potential removal as CEO is now ~80% priced in.
Why take an action with massive downside potential when the market has already priced in much of that risk?
The downside of retaining Huang may be limited, while the potential upside is tremendous.
Lastly, history shows that retaining Jensen Huang could still lead to a favorable outcome. In 2019, Amazon retained Jeff Bezos as CEO after his extramarital affair became public, and the company's stock subsequently surged +108% by 2021.
Personal misconduct should not be ignored, but it must also be distinguished from corporate wrongdoing and weighed against the consequences of removing an executive who is instrumental to the company's success.
We believe Jensen Huang is an irreplaceable part of Nvidia and the AI Revolution more broadly.
Once the dust settles, firing Jensen Huang would prove to be a costly mistake.
It is time to pause and consult your shareholders.