Jensen Huang is really gone!
On November 12, Nvidia announced:
Jensen Huang is stepping down as president, CEO, and a member of the board of directors, effective immediately.
Four days ago, this wasn’t the story:
On October 29, his relationship with Megaspeed executive Huang Le was revealed for the first time;
On November 8, he admitted to being unfaithful to his wife and supported an independent board investigation. The company said that same day he would remain CEO;
On November 11, a second extramarital affair came to light, and the board shifted to preparing his removal and searching for a successor;
On November 12, he resigned outright, giving up his board seat as well.
The market had already started pricing it in: NVDA fell as much as 9% after hours; on Polymarket, the odds of him stepping down by year-end rose from around 15% a week earlier to 84.5%; Forbes reported that about $1 trillion in market value had evaporated since October 29.
More notable is that his resignation also includes his board seat—sidestepping a removal vote while leaving the board without its founder as an anchor. The online rumor that Jay Puri would succeed him has been debunked, while the company website still lists Jensen Huang as CEO. The lag in the official messaging is itself a potential source of another round of volatility.
Things are even livelier outside the company:
CZ posted that Nvidia forcing Jensen Huang to resign was a mistake.
Trump, meanwhile, said Apple’s Tim Cook should replace Jensen Huang as Nvidia CEO.
In four days, the story went from “he’s staying on” to “he’s leaving immediately.” The market cast its vote early with a 9% drop and 84.5% odds;
Nvidia’s leadership vacuum is only just beginning.
#黄仁勋辞任CEO，英伟达战略走向受关注 #英伟达突发换帅，美国芯片股跌幅扩大
On November 12, Nvidia announced:
Jensen Huang is stepping down as president, CEO, and a member of the board of directors, effective immediately.
Four days ago, this wasn’t the story:
On October 29, his relationship with Megaspeed executive Huang Le was revealed for the first time;
On November 8, he admitted to being unfaithful to his wife and supported an independent board investigation. The company said that same day he would remain CEO;
On November 11, a second extramarital affair came to light, and the board shifted to preparing his removal and searching for a successor;
On November 12, he resigned outright, giving up his board seat as well.
The market had already started pricing it in: NVDA fell as much as 9% after hours; on Polymarket, the odds of him stepping down by year-end rose from around 15% a week earlier to 84.5%; Forbes reported that about $1 trillion in market value had evaporated since October 29.
More notable is that his resignation also includes his board seat—sidestepping a removal vote while leaving the board without its founder as an anchor. The online rumor that Jay Puri would succeed him has been debunked, while the company website still lists Jensen Huang as CEO. The lag in the official messaging is itself a potential source of another round of volatility.
Things are even livelier outside the company:
CZ posted that Nvidia forcing Jensen Huang to resign was a mistake.
Trump, meanwhile, said Apple’s Tim Cook should replace Jensen Huang as Nvidia CEO.
In four days, the story went from “he’s staying on” to “he’s leaving immediately.” The market cast its vote early with a 9% drop and 84.5% odds;
Nvidia’s leadership vacuum is only just beginning.
#黄仁勋辞任CEO，英伟达战略走向受关注 #英伟达突发换帅，美国芯片股跌幅扩大
