I am surprised by the market and boards response to this, when you have someone like Elon who was visibly on drugs in the oval office and he’s still puttering around causing problems
Mostly because Musk has been able to keep his stocks mostly high. Jensen’s actions might be the start if the bubble collapse, casuing the boards investments to all start plummeting. They want to try to right the ship before they lose too much value.
That being said, I don’t know if a new CEO is going to be better for consumers looking for GPUs. The new CEO might only care about data center compute given the size of that business currently.
The stock market is such a fucking sham.
If people really believed Nvidia was an indispensable part of the future yesterday, that hasn’t changed in the slightest regardless of how many honeypots Jensen was messing around with. We didn’t really need any MORE proof, but the fact the stock is falling is absolute evidence that nothing even close to reality or future potential drives stock valuations.
They could be reacting to the likelihood of the board removing him as CEO, rather than the company’s role in society. He’s been the only CEO since the company began, and they have certainly performed better than the competition. There’s no way of knowing what a new, unnamed CEO would do.
Realistically though, those are long-term concerns. The market tends to be much more short-sighted, usually on this quarter’s results.
It’s insane that a company that exist only for profits, has higher standards than is required for the US presidential position which is supposed to serve the good of the people and the country.
USA is a crazy country.
Don’t get it twisted, they’re more concerned that the gov will attack the company over its illegal exports and that the CEO might get fired, him being the boss for over 3 decades, he’d bee tough to replace. This combination could pop the already stressed bubble AI is in since theirs no telling how well a new CEO will fair
He wears those jackets like he’s already divorced and trying to pick up ladies 20 years younger.
How many of those jackets has he also fucked?
Nvidia spent 33 years building a parallel computing empire while apparently keeping its leadership architecture strictly single threaded. The scandal is serious, but the bigger corporate failure is having no clear successor. Imagine selling redundancy to the world and forgetting to install a backup CEO.
Pretty sure someone from the trump circus is more than ready to take over.
He won’t be ousted, maybe at most forced to forgo some stock. He’s too intrinsically tied to the value of the company. Sort of like Musk and how overvalued his companies are, but to a lesser extent.
Is he? He’s always seemed extremely tangental to me.
I don’t think I’ve ever heard the man speak
He wears those jackets like he’s already divorced and trying to pick up ladies 20 years younger.
