$SOXL Although I sold all my SOXL at the highs yesterday, I added to my positions in SanDisk and NVIDIA shares, so overall I'm still sitting on some losses. This incident involving Jensen Huang has had a huge impact on the share price. The market currently puts the odds of Jensen Huang being removed as CEO at over 85%, and reports have emerged that the board is looking for suitable replacements. We expect a decision in the next couple of days; the share price has already priced it in.
I personally believe the company's performance and short-term earnings won't fluctuate much. The long-term impact will take more than a year to materialize, or perhaps until the first quarter of next year, so I've decided to continue adding to my NVIDIA share position.
At around 5:20 a.m. Beijing time on November 18, NVIDIA will release its latest quarterly earnings report, which is about six days away. The variables at this point are: 1. Whether the board removes Jensen Huang. If he is removed, will they appoint an interim CEO to take over while waiting for the investigation into Jensen Huang to conclude before considering his permanent removal, or will they remove him outright? If he is removed, who will the new CEO be? 2. Whether the earnings report on the 18th meets expectations.
$NVDA
I personally believe the company's performance and short-term earnings won't fluctuate much. The long-term impact will take more than a year to materialize, or perhaps until the first quarter of next year, so I've decided to continue adding to my NVIDIA share position.
At around 5:20 a.m. Beijing time on November 18, NVIDIA will release its latest quarterly earnings report, which is about six days away. The variables at this point are: 1. Whether the board removes Jensen Huang. If he is removed, will they appoint an interim CEO to take over while waiting for the investigation into Jensen Huang to conclude before considering his permanent removal, or will they remove him outright? If he is removed, who will the new CEO be? 2. Whether the earnings report on the 18th meets expectations.
$NVDA