I really didn’t expect this bombshell to come out of Nvidia. On Sunday night, the board issued a statement saying it would launch an independent investigation into whether Jensen Huang had become a target of a foreign intelligence agency. In an internal letter, he admitted to having an affair and apologized, but will remain CEO.
The gossip is one thing; what’s really making the market uneasy is what came next: Megaspeed, the company named in the investigation, bought $4.8 billion worth of Nvidia chips over two years. The probe is looking into whether it helped restricted chips make their way into China. Several House committee chairs want him to testify behind closed doors by November 18. Nvidia reports earnings on November 17, and NVDA closed at 186.64 last Friday, down 8.8% for the week.
The AI sector had just taken another hit from the data center permitting narrative, and now this happens to the industry leader. Tonight’s 22:30 open will be the first trading session since the news broke.
#英伟达 #US stocks
The gossip is one thing; what’s really making the market uneasy is what came next: Megaspeed, the company named in the investigation, bought $4.8 billion worth of Nvidia chips over two years. The probe is looking into whether it helped restricted chips make their way into China. Several House committee chairs want him to testify behind closed doors by November 18. Nvidia reports earnings on November 17, and NVDA closed at 186.64 last Friday, down 8.8% for the week.
The AI sector had just taken another hit from the data center permitting narrative, and now this happens to the industry leader. Tonight’s 22:30 open will be the first trading session since the news broke.
#英伟达 #US stocks