Everyone’s following the drama, while my Nvidia contract got liquidated in a corner nobody cares about.
MD had already been trending down, and just managed to climb a little, then this news about Jensen Huang broke.
They’re really trying to crush us bulls.
Jensen Huang admitted to an affair and apologized in an email to employees. In the same email, he said the board had launched an independent investigation into the national security concerns raised in news reports.
The board said the investigation concerns recent reports that “Jensen Huang had become a target of a foreign intelligence operation.” It said there was no reason to believe national security or Nvidia’s confidential information had been compromised, and expressed confidence in Huang and the management team. The company said he would remain CEO.
According to The New York Times and the Financial Times, U.S. intelligence agencies are concerned that a woman linked to Nvidia customer Megaspeed passed information to Beijing. Megaspeed was previously accused of helping restricted Chinese companies obtain Nvidia AI chips.
The next question is whether the investigation will touch on export controls. Three Republican House committee chairs have asked Huang to attend a closed-door briefing on November 18, the day after Nvidia’s Q3 earnings report. If it stays at the personal level, the AI narrative remains unchanged. If it touches on export controls, the valuation will have to be recalculated.
Nvidia $NVDAB rose 2.78% last Friday, closing at $186.64. It was around $180.30 in premarket trading Monday, 3.4% below Friday’s close. TSMC rose more than 6%, and SK Hynix rose 4.77%.
#黄仁勋因婚外情致歉，英伟达启动独立调查
MD had already been trending down, and just managed to climb a little, then this news about Jensen Huang broke.
They’re really trying to crush us bulls.
Jensen Huang admitted to an affair and apologized in an email to employees. In the same email, he said the board had launched an independent investigation into the national security concerns raised in news reports.
The board said the investigation concerns recent reports that “Jensen Huang had become a target of a foreign intelligence operation.” It said there was no reason to believe national security or Nvidia’s confidential information had been compromised, and expressed confidence in Huang and the management team. The company said he would remain CEO.
According to The New York Times and the Financial Times, U.S. intelligence agencies are concerned that a woman linked to Nvidia customer Megaspeed passed information to Beijing. Megaspeed was previously accused of helping restricted Chinese companies obtain Nvidia AI chips.
The next question is whether the investigation will touch on export controls. Three Republican House committee chairs have asked Huang to attend a closed-door briefing on November 18, the day after Nvidia’s Q3 earnings report. If it stays at the personal level, the AI narrative remains unchanged. If it touches on export controls, the valuation will have to be recalculated.
Nvidia $NVDAB rose 2.78% last Friday, closing at $186.64. It was around $180.30 in premarket trading Monday, 3.4% below Friday’s close. TSMC rose more than 6%, and SK Hynix rose 4.77%.
#黄仁勋因婚外情致歉，英伟达启动独立调查
