🚨 Nvidia may be about to lose Jensen Huang, and Wall Street is already pricing it in 😳
The NYT reported a second alleged affair, this time with Kimberly Powell, a healthcare VP who reports to him. The WSJ says the board is preparing to oust him, and shares fell about 7% after hours 📉
The board has already hired former prosecutor Joon Kim and law firm Wachtell to investigate 🔍
The damage so far: Nvidia is about $658 billion below its Nov 6 close, Morgan Stanley dropped it from its top chip picks, and Baird cut its target from $500 to $200 🧠
Dan Ives values Nvidia at about $225 a share without Huang versus $300 with him. Senator John Kennedy also asked why Commerce let Nvidia sell advanced chips to the company of the woman in the first affair 🏛️
Some commentators say the US-China chip fight is fueling the pressure. Others say a CEO in a relationship with a direct report is a governance problem on its own ⚖️
What could happen next (speculation) 👇
1️⃣ Short term: the CFO steps in as interim CEO while the board searches
2️⃣ Bridge: a veteran like Ian Buck keeps the strategy running
3️⃣ Long term: his daughter Madison, who already works there, is groomed for the top job
4️⃣ Jensen: moves to an advisory role, a bit like CZ stepping back at Binance
Nothing is confirmed, and Huang hasn't been removed yet 🚨
Nvidia built the chips that run the AI world. Now its board is running the numbers on its founder 😂
$NVDA
The NYT reported a second alleged affair, this time with Kimberly Powell, a healthcare VP who reports to him. The WSJ says the board is preparing to oust him, and shares fell about 7% after hours 📉
The board has already hired former prosecutor Joon Kim and law firm Wachtell to investigate 🔍
The damage so far: Nvidia is about $658 billion below its Nov 6 close, Morgan Stanley dropped it from its top chip picks, and Baird cut its target from $500 to $200 🧠
Dan Ives values Nvidia at about $225 a share without Huang versus $300 with him. Senator John Kennedy also asked why Commerce let Nvidia sell advanced chips to the company of the woman in the first affair 🏛️
Some commentators say the US-China chip fight is fueling the pressure. Others say a CEO in a relationship with a direct report is a governance problem on its own ⚖️
What could happen next (speculation) 👇
1️⃣ Short term: the CFO steps in as interim CEO while the board searches
2️⃣ Bridge: a veteran like Ian Buck keeps the strategy running
3️⃣ Long term: his daughter Madison, who already works there, is groomed for the top job
4️⃣ Jensen: moves to an advisory role, a bit like CZ stepping back at Binance
Nothing is confirmed, and Huang hasn't been removed yet 🚨
Nvidia built the chips that run the AI world. Now its board is running the numbers on its founder 😂
$NVDA
