Trump has personally weighed in: The FBI is investigating Nvidia CEO Jensen Huang’s relationship with a foreign intelligence operative. Huang’s response: “I had absolutely no idea she had that kind of connection.”
Things are still escalating. Congress has already subpoenaed Huang to testify, and Reuters believes the turmoil is likely to spur new legislation further tightening the channels for exporting chips. Yesterday, $NVDA opened down 8.4%, wiping out more than $200 billion in market value overnight. Meanwhile, chip stocks rallied 7% across the board that day, and the S&P 500 had its best single-day performance since April. Everyone was buying the dip—except Nvidia, which took a beating.
The most surreal part is that Trump said he had just spoken with Huang on the phone today. He’s being investigated by a federal agency while chatting away with the president—there’s a lot to unpack there.
On Polymarket, 84% of people are still betting Huang will stay in his role, but the earnings report on November 17 will be the real test. The biggest variable in the AI narrative right now isn’t AMD or Google’s TPU—it’s the person at the helm.
$BTC is still hovering around $75,000. The crypto market’s old habit of following declines but not rallies hasn’t changed, and whenever the AI narrative wobbles, crypto’s valuation anchor wobbles with it. When personal risk turns into systemic risk, position sizing is worth more than conviction.
NFA DYOR
#英伟达 #黄仁勋 #AI芯片 #美股 #Bitcoin
Things are still escalating. Congress has already subpoenaed Huang to testify, and Reuters believes the turmoil is likely to spur new legislation further tightening the channels for exporting chips. Yesterday, $NVDA opened down 8.4%, wiping out more than $200 billion in market value overnight. Meanwhile, chip stocks rallied 7% across the board that day, and the S&P 500 had its best single-day performance since April. Everyone was buying the dip—except Nvidia, which took a beating.
The most surreal part is that Trump said he had just spoken with Huang on the phone today. He’s being investigated by a federal agency while chatting away with the president—there’s a lot to unpack there.
On Polymarket, 84% of people are still betting Huang will stay in his role, but the earnings report on November 17 will be the real test. The biggest variable in the AI narrative right now isn’t AMD or Google’s TPU—it’s the person at the helm.
$BTC is still hovering around $75,000. The crypto market’s old habit of following declines but not rallies hasn’t changed, and whenever the AI narrative wobbles, crypto’s valuation anchor wobbles with it. When personal risk turns into systemic risk, position sizing is worth more than conviction.
NFA DYOR
#英伟达 #黄仁勋 #AI芯片 #美股 #Bitcoin