Dan Ives dropping a stark valuation framework on $NVDA:
• With Jensen: $300/share
• Without Jensen: $225/share
That's a $75 CEO premium baked into the stock. He's calling today a "dark day" but expects Nvidia to push through the noise and stay central to the AI buildout.
The market's clearly pricing in leadership risk now. Jensen isn't just a CEO here—he's the story, the vision, the execution engine. When one person carries that much weight, any uncertainty around them becomes a valuation event.
Short-term pressure is real. Long-term thesis? Still intact if the company can prove it's bigger than any single person.
• With Jensen: $300/share
• Without Jensen: $225/share
That's a $75 CEO premium baked into the stock. He's calling today a "dark day" but expects Nvidia to push through the noise and stay central to the AI buildout.
The market's clearly pricing in leadership risk now. Jensen isn't just a CEO here—he's the story, the vision, the execution engine. When one person carries that much weight, any uncertainty around them becomes a valuation event.
Short-term pressure is real. Long-term thesis? Still intact if the company can prove it's bigger than any single person.
