Nvidia fell nearly 10% at one point after hours, while BTC was almost flat for $BTC 24 hours that same night, now at around $73,790.
I've been thinking about this contrast all morning.
First, the facts. #HuangRisksOusterOverReportedAffairWithSubordinate is now trending at number one. According to reports from The Wall Street Journal, Reuters, and others, Nvidia's board met Wednesday night to discuss whether to replace Jensen Huang; Bloomberg says the board has already hired an outside firm to look for a successor and is also considering appointing an interim CEO first. As I post this, I haven't seen any official outcome. Nasdaq 100 futures fell about 0.8% at one point.
What I care about isn't the gossip—it's key-person risk. Huang owns about 3.6% of the company, has dozens of direct reports, and there is no widely recognized successor. At a company worth around $4 trillion, the roadmap rests on one person. Everyone knew that before; they just weren't willing to price it in.
I still can't figure out why BTC didn't fall along with it. One guess is that the crypto world has been preoccupied with its own issues these past few days. We also got an answer to the MSCI question I asked last night: #StrategyMetaplanetLoseMSCIIndexMembership . Strategy confirmed it will be removed after the market close on November 30, and its after-hours share price fell about 2.5%. With that uncertainty resolved, it may have just offset some of the panic in AI stocks. This is my personal speculation, not a conclusion.
The next hard data point is Nvidia's earnings report after the U.S. market closes on November 17. #CanNvidiaEarningsEaseMarketConcerns?
If the CEO has changed by then but earnings are good, do you think AI stocks and BTC will recover together, or keep going their separate ways? Share your reasoning.
Personal opinion only; not investment advice.
I've been thinking about this contrast all morning.
First, the facts. #HuangRisksOusterOverReportedAffairWithSubordinate is now trending at number one. According to reports from The Wall Street Journal, Reuters, and others, Nvidia's board met Wednesday night to discuss whether to replace Jensen Huang; Bloomberg says the board has already hired an outside firm to look for a successor and is also considering appointing an interim CEO first. As I post this, I haven't seen any official outcome. Nasdaq 100 futures fell about 0.8% at one point.
What I care about isn't the gossip—it's key-person risk. Huang owns about 3.6% of the company, has dozens of direct reports, and there is no widely recognized successor. At a company worth around $4 trillion, the roadmap rests on one person. Everyone knew that before; they just weren't willing to price it in.
I still can't figure out why BTC didn't fall along with it. One guess is that the crypto world has been preoccupied with its own issues these past few days. We also got an answer to the MSCI question I asked last night: #StrategyMetaplanetLoseMSCIIndexMembership . Strategy confirmed it will be removed after the market close on November 30, and its after-hours share price fell about 2.5%. With that uncertainty resolved, it may have just offset some of the panic in AI stocks. This is my personal speculation, not a conclusion.
The next hard data point is Nvidia's earnings report after the U.S. market closes on November 17. #CanNvidiaEarningsEaseMarketConcerns?
If the CEO has changed by then but earnings are good, do you think AI stocks and BTC will recover together, or keep going their separate ways? Share your reasoning.
Personal opinion only; not investment advice.
