To be fair, most of that was before this revelation. It is at least clear that the so-called “neocloud” part of the bubble was in trouble, which dragged Nvidia since a lot of their money is tied up in those neoclouda. Then after elections included a lot of anti datacenter measures, that doesn’t bode well either. This scandal is just another thing for the pile of bad news.
I think the board is going to meet to discuss whether to remove. I don’t think he has been removed yet. I would still be surprised if they removed him because he is fairly integral to the company.
Wow your not kidding. Almost 25% wipe in 1 month.
To be fair, most of that was before this revelation. It is at least clear that the so-called “neocloud” part of the bubble was in trouble, which dragged Nvidia since a lot of their money is tied up in those neoclouda. Then after elections included a lot of anti datacenter measures, that doesn’t bode well either. This scandal is just another thing for the pile of bad news.
The timing is a bit convenient. All tech stocks were already dropping. Almost too much of a coincidence that this story broke now.
Allowed me to buy at 167. :)
This blows over even faster than Elon Musks nazi salute.
I’m not sure that the drop is done but I think my buy order at 150 was too optimistic.
I just woke up and saw that the board is going to remove the ceo and the stock has dropped 8% in aftermarket to 160.
I think 150 may be within reach… What a mess. I did not think that would happen.
I think the board is going to meet to discuss whether to remove. I don’t think he has been removed yet. I would still be surprised if they removed him because he is fairly integral to the company.
https://www.semafor.com/article/11/11/2026/nvidia-board-preparing-to-oust-ceo-huang-wsj
I’m starting to think they will. Damn. On the other hand, Apples hardware chief may not be a bad choice.
Its also funny that all this happens because of Huang being horny. A pretty woman is the most dangerous thing in the world for a powerful man.
Am now a third affair! Damn.
Lol yeah. :)
It’s a story as old as time. Hubris and the penis make for a wild ride.
Ooo dear. I think it’s got further to go down, myself.
Yeah it will, appearently they will drop the ceo over this. Stock is at 160 in after market.