After 33 years at the helm, he stepped down with a single announcement.
According to an 8-K filing submitted by Nvidia on November 12, Jensen Huang resigned as president, CEO, and board member, effective immediately. CFO Colette Kress was named interim CEO while retaining her CFO role. The board is looking internally and externally for a permanent successor, and Harvey C. Jones became the company’s first board chair.
The company gave no reason for the resignation. According to Al Jazeera, after Huang admitted to an affair on November 8, Reuters reported that the board had considered ousting him. This is media reporting; Nvidia has not confirmed it.
As for the company’s strategic direction, there is only one thing we can confirm for now. According to the 8-K, Jones said the board has “full confidence” in Kress and the management team, and expects operations, customer commitments, and the product roadmap to remain unaffected. That is the company’s statement, not an outcome. Following that lead, I looked into Kress’s background. According to Al Jazeera, she has served as CFO since September 2013, during which time annual revenue rose from $4.13 billion to $215.9 billion.
The espionage allegations remain unverified. According to analysts cited by Al Jazeera, there is currently no evidence that Huang knowingly helped Beijing or that company secrets were leaked.
And that’s not all. According to the 8-K, Nvidia will release its Q3 earnings as scheduled on November 17, at around 1:20 p.m. Pacific Time, which converts to around 5:20 a.m. on November 18 in China Standard Time. There’s no new CEO yet, and the first earnings report will be the first test on the conference call. I couldn’t find a reliable source for the stock’s performance after the resignation, so don’t believe every rumor you hear.
My take is that a leadership vacuum at a major U.S. AI company could make investors more cautious at first, and BTC may well wobble along with it. I don’t know if that will happen, but until a successor is named, the more you speculate, the faster you could lose money. Don’t go all in.
What do you think Nvidia will do this time: choose someone from within to steady the ship, or bring in a big name from outside?
$BTC $NVDAB
#Nvidia
#黄仁勋辞任ceo，英伟达战略走向受关注
According to an 8-K filing submitted by Nvidia on November 12, Jensen Huang resigned as president, CEO, and board member, effective immediately. CFO Colette Kress was named interim CEO while retaining her CFO role. The board is looking internally and externally for a permanent successor, and Harvey C. Jones became the company’s first board chair.
The company gave no reason for the resignation. According to Al Jazeera, after Huang admitted to an affair on November 8, Reuters reported that the board had considered ousting him. This is media reporting; Nvidia has not confirmed it.
As for the company’s strategic direction, there is only one thing we can confirm for now. According to the 8-K, Jones said the board has “full confidence” in Kress and the management team, and expects operations, customer commitments, and the product roadmap to remain unaffected. That is the company’s statement, not an outcome. Following that lead, I looked into Kress’s background. According to Al Jazeera, she has served as CFO since September 2013, during which time annual revenue rose from $4.13 billion to $215.9 billion.
The espionage allegations remain unverified. According to analysts cited by Al Jazeera, there is currently no evidence that Huang knowingly helped Beijing or that company secrets were leaked.
And that’s not all. According to the 8-K, Nvidia will release its Q3 earnings as scheduled on November 17, at around 1:20 p.m. Pacific Time, which converts to around 5:20 a.m. on November 18 in China Standard Time. There’s no new CEO yet, and the first earnings report will be the first test on the conference call. I couldn’t find a reliable source for the stock’s performance after the resignation, so don’t believe every rumor you hear.
My take is that a leadership vacuum at a major U.S. AI company could make investors more cautious at first, and BTC may well wobble along with it. I don’t know if that will happen, but until a successor is named, the more you speculate, the faster you could lose money. Don’t go all in.
What do you think Nvidia will do this time: choose someone from within to steady the ship, or bring in a big name from outside?
$BTC $NVDAB
#Nvidia
#黄仁勋辞任ceo，英伟达战略走向受关注
