$NVDA - BREAKING: NVIDIA CEO JENSEN HUANG RESIGNS EFFECTIVE IMMEDIATELY
Nvidia announces a major leadership shake-up:
🔸 Jensen Huang resigns as CEO, president and board member, effective immediately.
🔸 Colette Kress, Nvidia's CFO, appointed interim CEO.
🔸 Harvey C. Jones named board chair.
🔸 Search for permanent CEO begins, considering internal and external candidates.
Huang's departure ends his 33-year tenure leading the AI chip giant he co-founded.
Ondas reported record third quarter 2026 revenue of $167.5 million, with $214 million in new orders and $835 million in backlog. Ondas raised its full-year 2026 revenue target to at least $550 million. It also set an initial 2027 target of at least $1.1 billion, which excludes additional acquisitions. $ONDS
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@Longshot_Long@GreatMattsby With the Dems in both branches soon, there just might be preference to that demographic. What happened on the Senate floor with those two guys f*cking there? Oh, never mind that
Jensen did 2 things wrong, and the US government knew about #1 and suspected #2 for some time.
#1: He was having an affair, and
#2: He was selling chips and/or secrets to China.
Recently the US government compiled enough evidence for #2 and threatened Jensen with prison. Jensen sang like a bird about what he knows about China. As a result, the government decided to punish him lighter.
"You have to be punished and suffer for something. Thank you for singing about China's secrets. We'll let you be punished for the lesser of two evils: the affair. Admit that publicly, let the public see you suffer for something, and cut ties with China. Then we'll both carry on as before. We'll be watching you, Jensen."
It will be a tough situation that will take time to clear up, but it'll be much better for investors and the overall market than if Jensen were exposed as a criminal traitor (in Trump's eyes).
Here is what I think will happen with $NVDA in the coming months.
1. Jenson is going to get grilled in front of Congress.
2. He will be pardoned by Trump.
3. $NVDA will face one of the biggest fines ever, probably in excess of $10 billion for having lousy export controls and for Jenson getting honey-potted.
4. If I were a betting man, and I sure am, I would bet Jenson will not step down as CEO, nor will he be forced to step down.
He is too big to step down and it would play right into China's hands. He is not just any CEO that fucked up and can be replaced. And he is too pivotal to the American and Western AI race to drop as CEO of the most important company in the world at this time.
It would be a monumental mistake to remove him from $NVDA if what he stated is honest and did not know she was a Chinese spy.
Let's see how this ages.
I hope $NVDA falls into the $150s range now. If it does, I'm prepared to rebalance.
There’s an old saying in Silicon Valley, which the Nvidia Board of Directors certainly knows, that goes “You don’t fire Steve Jobs”.
Visionary founders who can scale a business profitably over decades are truly rare. Huang is certainly one of them. $NVDA