At 6 p.m., I said, “The money hasn’t left AI; it’s just moved to another company.” I’m taking half of that back now.
Jensen Huang officially resigned today, and CFO Colette Kress is temporarily taking over as CEO. The premarket figures Reuters reported showed AMD up about 2% and Broadcom up about 1.4%—that part I got right. But all the companies Nvidia has invested in are down: CoreWeave about -13.6%, Nebius about -20%, and Micron about -5.8%. #ChipStocksExtendLossesAfterNvidiaCEOChange
It’s not moving to another company; the whole chain is being repriced.
$BTC finally moved too. It’s now around $71,480, down about 2.8% in 24 hours. At noon, I was still asking why it wasn’t falling along with everything else. Tonight, I have an answer—just not a very reassuring one.
Tomorrow, when I wake up, I’ll check just one thing: after the U.S. market closes, is the drop limited to Nvidia’s circle, or is the Nasdaq falling across the board? The former can still be called a company-specific issue; the latter would be an industry issue. #HuangExitNvidiaStrategyInFocus
How many things you said today have you taken back tonight?
Just my personal reflections, not investment advice. Good night.
Jensen Huang officially resigned today, and CFO Colette Kress is temporarily taking over as CEO. The premarket figures Reuters reported showed AMD up about 2% and Broadcom up about 1.4%—that part I got right. But all the companies Nvidia has invested in are down: CoreWeave about -13.6%, Nebius about -20%, and Micron about -5.8%. #ChipStocksExtendLossesAfterNvidiaCEOChange
It’s not moving to another company; the whole chain is being repriced.
$BTC finally moved too. It’s now around $71,480, down about 2.8% in 24 hours. At noon, I was still asking why it wasn’t falling along with everything else. Tonight, I have an answer—just not a very reassuring one.
Tomorrow, when I wake up, I’ll check just one thing: after the U.S. market closes, is the drop limited to Nvidia’s circle, or is the Nasdaq falling across the board? The former can still be called a company-specific issue; the latter would be an industry issue. #HuangExitNvidiaStrategyInFocus
How many things you said today have you taken back tonight?
Just my personal reflections, not investment advice. Good night.
