Nvidia's board met on firing its founder, and about $600 billion is already gone.
Per Reuters, the board met late Wednesday on removing CEO Jensen Huang, and the stock fell more than 8% after hours. There is no obvious successor, and Polymarket gave 88% odds he leaves this year. AMD rose about 4% while CoreWeave fell about 6%.
When one person is the plan, his exit becomes a price event, and prices move on belief before any decision.
Which giant would fall without one person?
Experience, not financial advice. $NVDAB
#HuangRisksOusterOverReportedAffairWithSubordinate
Per Reuters, the board met late Wednesday on removing CEO Jensen Huang, and the stock fell more than 8% after hours. There is no obvious successor, and Polymarket gave 88% odds he leaves this year. AMD rose about 4% while CoreWeave fell about 6%.
When one person is the plan, his exit becomes a price event, and prices move on belief before any decision.
Which giant would fall without one person?
Experience, not financial advice. $NVDAB
#HuangRisksOusterOverReportedAffairWithSubordinate