Old Huang founded Nvidia in 1993 and has been at it for 33 years. You could say Nvidia is an extension of his own will. With him gone, the central pillar of the AI narrative has been shaken, and Nvidia has effectively gone from a “founder-vision company” to a “normally governed large corporation.” The signal that the CFO is stepping in as interim CEO is also pretty clear: the board now wants to steady the ship and repair its governance. It wants a satisfactory earnings report on November 17. Whether the company’s strategy and vision can carry on is, at least for now, no longer the priority.
As a fellow Chinese person, A Jian still finds it pretty sad. On November 8, the board issued a statement saying it had full confidence in him; this morning, it went straight to proposing his removal. So it seems the news announcement of his voluntary resignation was the board’s way of preserving the last shred of his dignity. The board moved quickly to contain the damage, while he kept his dignity and his shares—both sides got what they wanted.
I’m not one to promote conspiracy theories, but Nvidia is a core asset in America’s AI dominance and sits right at the center of US-China chip restrictions. The CEO was suspected of having ties to someone believed to be a Chinese intelligence operative, triggering investigations by the FBI and Congress, as well as a shareholder class-action lawsuit. Whether or not the leak allegations are true, the suspicion has stuck to him like mud—once it’s on your pants, people will think it’s shit.
Here’s a quick recap. There are three things to watch next:
1. The November 17 earnings report
2. Who the permanent CEO will be—an internal promotion or an outside hire
3. The findings of the leak investigation
That’s all. Best wishes to Dr. Huang #黄仁勋辞职
As a fellow Chinese person, A Jian still finds it pretty sad. On November 8, the board issued a statement saying it had full confidence in him; this morning, it went straight to proposing his removal. So it seems the news announcement of his voluntary resignation was the board’s way of preserving the last shred of his dignity. The board moved quickly to contain the damage, while he kept his dignity and his shares—both sides got what they wanted.
I’m not one to promote conspiracy theories, but Nvidia is a core asset in America’s AI dominance and sits right at the center of US-China chip restrictions. The CEO was suspected of having ties to someone believed to be a Chinese intelligence operative, triggering investigations by the FBI and Congress, as well as a shareholder class-action lawsuit. Whether or not the leak allegations are true, the suspicion has stuck to him like mud—once it’s on your pants, people will think it’s shit.
Here’s a quick recap. There are three things to watch next:
1. The November 17 earnings report
2. Who the permanent CEO will be—an internal promotion or an outside hire
3. The findings of the leak investigation
That’s all. Best wishes to Dr. Huang #黄仁勋辞职
