A CEO’s private life: one night’s loss equals 77 Binance hacks. That’s Nvidia tonight.
A week after the affair scandal broke, the board finally acted: Jensen Huang announced he was stepping down as CEO and leaving the board, with CFO Colette Kress stepping in temporarily. Shares fell more than 12% late in the day, wiping out over $440 billion in market value.
What does $440 billion mean? Let’s put it in crypto terms:
Binance was hacked for $5.7 billion last month—the biggest exchange heist in history. Nvidia lost the equivalent of 77 Binance hacks in one night. The $8 billion hole left for FTX customers by its collapse? That’s 55 FTXs. Bitcoin’s entire market cap is only around $1.4 trillion, so in one night, nearly a third of a Bitcoin was wiped out.
The casualties weren’t spared either: Nebius -21%, CoreWeave -16%, IREN -9%. They use mining farms’ electricity to power AI workloads, and when things fall, they go down together.
Now, back to what we know: BTC didn’t escape either. After losing $80,000, it slid all the way toward $71,000. The difference is that stocks’ bad news blows up all at once, while crypto grinds lower over a week. It’s hard to say which one hurts more.
My take: The money hasn’t disappeared; the market is pricing in “key-person risk.” For a company worth over $3 trillion, having its fate tied to one person’s image is the biggest leverage of all. November 17, when Kress makes her earnings debut, will be the real test.
$NVDA $BTC $ETH
#英伟达 #美股 #比特币 #AI #Cryptocurrency
NFA DYOR
A week after the affair scandal broke, the board finally acted: Jensen Huang announced he was stepping down as CEO and leaving the board, with CFO Colette Kress stepping in temporarily. Shares fell more than 12% late in the day, wiping out over $440 billion in market value.
What does $440 billion mean? Let’s put it in crypto terms:
Binance was hacked for $5.7 billion last month—the biggest exchange heist in history. Nvidia lost the equivalent of 77 Binance hacks in one night. The $8 billion hole left for FTX customers by its collapse? That’s 55 FTXs. Bitcoin’s entire market cap is only around $1.4 trillion, so in one night, nearly a third of a Bitcoin was wiped out.
The casualties weren’t spared either: Nebius -21%, CoreWeave -16%, IREN -9%. They use mining farms’ electricity to power AI workloads, and when things fall, they go down together.
Now, back to what we know: BTC didn’t escape either. After losing $80,000, it slid all the way toward $71,000. The difference is that stocks’ bad news blows up all at once, while crypto grinds lower over a week. It’s hard to say which one hurts more.
My take: The money hasn’t disappeared; the market is pricing in “key-person risk.” For a company worth over $3 trillion, having its fate tied to one person’s image is the biggest leverage of all. November 17, when Kress makes her earnings debut, will be the real test.
$NVDA $BTC $ETH
#英伟达 #美股 #比特币 #AI #Cryptocurrency
NFA DYOR