Breaking: Nvidia's board is preparing to remove CEO Jensen Huang, according to a WSJ report citing people familiar with the matter. The stock is down 8.3% after hours at $159.30.
→ The board could meet as soon as Wednesday to decide Huang's future, and a second relationship allegation is also in play
→ ~$348 billion in market value has been wiped out since the $173.73 close
→ Down 35% from its $243.37 high on Oct 6
I think the story is no longer about earnings; it's about what Nvidia is worth without Huang.
Worst case: if the board makes it official, $160 won't be the floor, and the stock will look for a new low; I'm watching the open.
#Stocks #AI
Watching: $NVDA
→ The board could meet as soon as Wednesday to decide Huang's future, and a second relationship allegation is also in play
→ ~$348 billion in market value has been wiped out since the $173.73 close
→ Down 35% from its $243.37 high on Oct 6
I think the story is no longer about earnings; it's about what Nvidia is worth without Huang.
Worst case: if the board makes it official, $160 won't be the floor, and the stock will look for a new low; I'm watching the open.
#Stocks #AI
Watching: $NVDA
