I'm actually surprised at this. I figured everyone would justify keeping him because he made Nvidia (and investors) so much money. Money > anything else
I'd go as far as to say the second leak helps him a bit, by reframing this as a cheating scandal rather than it being more about him knowingly evading an embargo.
Having an affair with your direct report also wildly increases the risk that Nvidia would be embroiled in high-profile lawsuits, either for sexual harassment or favoritism
A CEO admitting to an affair with a customer after previously denying it, seems like a sufficient reason for removal, even before you add the geopolitical intrigue.
Because the customer in question raises questions of the CEO's judgement, plus the possibility of knowledge that the target was violating sanctions. We don't know. That's why it's a bad situation for the stock.
It also seems like there’s a high potential for half of Jensen’s position to be granted in a subsequent divorce decree, meaning there could be enormous selling pressure in the next several years.
The stock seems to be responding more heavily to the potential loss of Jensen than it does to the potential continuation of Jensen given new knowledge.
Morality is not a straight line, once someone has cheated they sort of accepted it for themselves after feeling guilty but that doesn't transfer to other places where someones morals are challenged.
After the news about a potential foreign compromise, disclosure of an affair with a subordinate is pretty damning. One can be discounted as poor judgement. Two is a pattern that's hard to dismiss. I wonder if we'll learn of other shenanigans or whether kicking him out stops future (possible) disclosures.
How illegal is it for a CEO to sell goods (potentially a core component used in military weapons) to a foreign government after your government said not to?
- we can't allow China access to buy or lease any GPUs
and
- turns out China is half the customer base, so cutting them off will crash the market, and the Chinese will just build their own anyways
Considering Trump & Jensen traveled to China just to sell more GPUs and despite that the CCP banned Chinese companies from importing Western Hardware in favor of domestic alternatives, I have my doubts this story makes sense
Bummer. He stood in the way of regulatory capture and AI monopolists had him removed. I foresee the open model / open weights ecosystem eventually getting locked down, especially the most competitive Chinese models.
It's not about the weights, it's about inference. Banning American inference providers from serving "non-vetted" models would surely bring a lot of customers back to OpenAI and Anthropic. Just when they go public.
Nvidia is not the proximate provider of open weight inference. That’s Nvidia’s customers, cloud compute services like AWS. If there was a move to ban open weights models, I am pretty sure these companies would howl much louder to the government than Nvidia, and they’re arguably more influential as a group.
- Relationships with subordinates is a violation of policy, demonstrating a lack of judgement and a willingness to break the rules
- Relationships with subordinates create legal liability for the company by enabling claims of sexual harassment, hostile workplace, coercion/abuse of authority
Your comment focuses solely on company profits. I don’t care about company profits. I do care about HR policing things they should not be allowed to police.
It's not a personal romantic relationship if the other side is either a direct subordinate or the head of a chip smuggling operation in violation of federal export control laws
I mean practically speaking if he gets hauled in front of congress we don’t know that money would keep flowing. Investor lawsuits, etc, like - it could have become financially unteneble as well.
I am in shock, Jensen is one of the pioneers in our industry and we will always remember his accomplishments. But I do fear Nvidia will now only make safe bets and not be able to innovate in an ongoing industrial revolution because they lack their biggest, boldest visionary to set the direction. This man has created an insane wealth for over 50% of his employees. An extraordinary leader, engineer, salesman and team builder. I still believe in the excellent talent at Nvidia, but I do not believe in a board that fires their best person and we have seen several examples of a board/leadership ruining a company because they lack the founders vision, fighting spirit and ownership. Jensen deserved another punishment, not getting fired.
So, I understand this is getting priced in to some degree, but I just don't see how any of this will change the fundamental core business value of NVIDIA.
Even if they have to pay a fine or increased regulatory scrutiny. At this point NVIDIA is more like SHELL(10 years ago maybe/during oil spill scandal) than a tech company. Its going to keep printing money with its chips.
So, I guess I'll timestamp my prediction that now is a good time to buy NVIDIA stock.
I think the biggest problem is the way Huang was creating demand by orchestrating the financing of the entire tech industry. The CFO in charge can handle the contract details, but do they have the strategic chops and relationships to keep doing that?
And it was all high risk. It may be only a once in a generation founder who wants to orchestrate that risk.
And again, no one was expecting NVIDIA to stay flat, massive growth was priced in.
“some fines” could be a very big deal. Sanctions laws have teeth.
How much of Nvidia’s revenue came from infringing sales to china? If so, that revenue is probably going to disappear as now they will have to really be serious about export controls or face much greater pain. Some estimates I’ve seen is 30% of their revenue perhaps disappearing overnight!
Sure, but then that would mean they can now take those chips and sell them to Musk, Zuck, or Dario at inflated prices instead.
And I'm pretty sure any CEO with at least a bachelors degree knows about the De beers diamonds story, so, I really find it hard to believe they will struggle with the concept of maintaining their artifical scarcity/demand.
>, but I just don't see how any of this will change the fundamental core business value of NVIDIA. [...] Its going to keep printing money with its chips.
The key is that NVIDIA is in a fast-changing technology sector and that means the core business requires NVIDIA to keep innovating new and better products that beat the competition. Having a company continuously adapt and iterate future products requires a visionary leader that pushes the company to stay on the cutting edge. Competitors and alternative products like Google TPU, Amazon Trainium, AMD, Cerebrus, etc are not standing still; they're innovating too.
Many shareholders (including employees with RSU stock) are worried that NVIDIA without Jensen puts them in a weaker position for the future unless they can find someone with equivalent influence and vision.
Intel was once on top of the world with CEO Andy Grove running things. But then the followup CEOs didn't keep Intel at the cutting edge and they lost market leadership to TSMC, AMD, and Apple Silicon in various areas. The world changes and Intel didn't adapt fast enough.
It very much clashes with the idea held by some that CEOs are fungible and that the value is all created by ICs. But yes, semiconductors are at the forefront of human technology and you need the whole company (including c suite) firing on all cylinders.
How though? Is there any legal cases where this has been sucessfully done before? And even they couldn't NVIDIA drag their feet on it for years in court?
Personally I think a bigger risk than that is AI models getting good enough to legitimately just reverse engineer and open source CUDA directly.
They'll be fine for a few years with a talking donkey running the place because they have a roadmap. And then when the situation on the ground has changed and the future is ambiguous, they will nosedive like SGI did. My money is on Huawei now. Way to go America! You've actually outdumbed the CEO's poor choices of mistresses.
Sort of agree but he did go around and spoke how export controls to China have no effect, and then he's in bed with a foreign asset, so lots of geopolitical stuff in there.
Plus whole lot of people waiting for that signal that the "AI bubble " is about to burst. No bubble will be bursting as a cause of this.
It just sucks because Jensen was basically the last big tech CEO that seemed like a human being, and knew what the hell he was talking about. I guess a little too human in the end. But this has pretty much destroyed my last bit of faith in any of them.
Elon(and others) got it right by making perfidity a feature of there character right up front by bieng VERY public about whatever they get up to.
Jensen just so happens to be a convienient scapegoat to buy a news cycle away from the very difficult political and economic situation that would otherwise be the lead story, and I bet that having him fold his hand quite so easily is actualy not what they were hoping for, and good on him for doing it.
The “foreign asset” got him is what I want to say. It’s tough letting this slide from the American technostate. One of our biggest gaps between competitors was architectural.
Extramarital affairs are pretty common in our ruling class, so unless the media is conveniently withholding information, think he got in bed with the wrong folks.
Meh, not really. NVidia stock is presumably rebounding as we speak -- unless they pick someone political or unhinged to take over, this will just be a blip.
And I doubt it'll cost him much. What could you pay the founder of the second most valuable company on the planet who already holds $150B in equity? It'd be as absurd as paying Donald Trump.
> NVidia stock is presumably rebounding as we speak
Not in premarket so far, 12% down sing yesterday.
Also why would it do better? Overall Huang seems to be a highly competent CEO. Replacing him with someone seems risky (especially if the board is influenced by Trump & co.). Especially given that Nvidia never had any other CEO.
Jensen is basically Nvidia, he has ruled it for over 30 years single handedly, he took the risks and had the vision to take it to where it is today under his leadership. Without him, they are just some chip company, and will be revalued as such. The innovation will stop.
How many of his dozens of direct reports will leave the company as his successor, guided by some management consultancy, convert the company to a more normal hierarchy?
Would make 0 sense for several reasons. Very gullible thing to take anything seriously Musk spouts out. So strange that there is basically a fantasy world out there for Musk fanboys.
As an outsider, can the US president pardon Jensen AND Nvidia? Let’s say he “donates” a cool hundred million dollars, and the fact that as per US law corporations are people, I think Trump can technically do that?
The US president can pardon any federal charges and sentences yes, preemptively. Biden did pardon all his family and Fauci of any future federal crimes.
IMHO, preemptive pardons should be outlawed.
Trump will likely pardon him, in exchange for a "contribution".
Wow, Reuters is orwellian. I was just reading something about Huang owning something like 3,6% of the company, when mid-sentence the page refreshed and the paragraph disappeared.
I think this is, respectfully, ignorance on your part. The Reuters URL is not a static article, it's a "live" feed of brief blurbs about the subject at hand that are being added in real time. The live feed updated to add new content while you were reading it, and you likely just missed finding your place when you tried. In point of fact, the 3.6% paragraph you mention was still there when I looked a moment ago:
>Huang, who co-founded Nvidia and is its fourth-largest investor with a stake of about 3.61%, will not remain on the board.
I don't know if it's necessarily Orwellian. News organizations always publish about breaking news quick with either a stub or an intro paragraph to a pre-written article, and then rewrite it. I would prefer a published article history, of course, but I don't think it's malicious.
The algorithms reward both speed and unchanging URLs.
The party speaker literally adapted to the change in eternal enemy mid sentence without breaking the grammar. How much more fast-acting and live can you get? Are you suggesting that they had a free press in 1984 that didn't have to update their own description of what was happening?
what if Jen-Hsun intentionally leaked industrial secrets to China because even if he's taiwanese, his familly is loyal to PRC? And the whole spy/affair is just a cover-up because someone was about to expose him, maybe blackmail him?
He should resign bc of fucking his clients and employee ( I know no man at his level got punished by abuse their power in the past, but I really hope this can be the norm)
> In a wide-ranging interview on Wednesday, Himes told POLITICO he left the briefing given by heads of U.S. intelligence agencies to top lawmakers on the House and Senate intelligence committees without clarity on whether Alice Huang knowingly cultivated information for the Chinese government on the $4 trillion U.S. chip company, or was a “useful idiot” unaware of China’s wider espionage activities.
My native tongue is Chinese and Russian , English is my third language. Can you teach me how can I portray the news I linked to accurately so you are satisfied?
Neither the affairs nor the direct consequences for him are very surprising (especially if you heard about the sex cult stuff that's been going on at the top of AI research). Not even the chinese spy story would be terribly far-fetched. I'm sure he's very high on China's list of people they'd like to control. Heck, even if she wasn't a spy, they probably knew about the affair. The only really surprising part is the timing. Midterms crushed Republican fueled AI dreams, Anthropic IPO is imminent and mere days before NVDA earnings? Someone betting against the market is making a fortune right now. This is likely yet another facet of the trillion dollar insider game we've seen running in the current administration. They know they're cooked, so they'll extract as much money as possible while they still can.
What are the implications if up to 15% of revenue was "fake"? The investors have been pricing Nvidia based on demand and revenue from (most places except for China). Since it turns out that it was actually (most places including China), doesn't that imply the market is actually smaller than they thought? Can buyers sue because they paid increased prices for their products due to sanction breaking by Nvidia?
> the second affair alone would fell most CEOs because it was with an employee
I mean realistically, no it would not. They do not resign for that in general. It is tall order for them to resign or leave when there is credible or proven accusation of actual abuse or harassment, there is not even that in play.
He's facing one of the largest divorces in history, you don't think that would be a little distracting?
And if you don't know why leaders can't have relationships with their employees, that ignorance is on you. You're trying to insult other people but it just makes you look bad.
A lot of marriages survive even after stuff like this. Especially in Asian cultures. The fact that his wife is White is the only thing that hurts him on his chances here.
Or she'd be more than adequately rich, worth around $75bn, able to do whatever the hell she wants with the rest of her life, able to have impacts independent of him, and free of a sleazy worm who humiliatingly cheated on her twice.
I'm quite interested to know what you mean here, between the lines. OK, he was running a multi-trillion dollar company, are you saying currently it's a over-reaction because of that, and the reaction would have been justified if it was smaller/bigger company? I'm really not sure what the underlying point you're trying to make here.
My understanding is that he has been very hands on, but it's also not that unusual for people who have built successful businesses to "check out" once the role chances from building an early-stage company to growing a large one. Whether or not that works obviously greatly depend on whether the people around them can take up the slack.
Resignation means that he can start liquidating his shares without input from shareholders or directors.. Divorce will also be likely. Affairs with the staff would matter if he had promoted people; who knows what else is in that stack. He had planted his own kids with no experience in tech as executives there too . He is a zillionaire though and he has enough cash for many generations.
I guess even if Jensen Huang leaves scorched earth, he will have sufficient money for the rest of his life. On the other hand, any other person who invested into Nvidia stocks will have a much more serious problem. :-)
So, it would not be a dumb idea for Jensen Huang to leave scorched earth and "let the world burn" (and in particular cause utter panic in the AI sector). :-)
I'm actually surprised at this. I figured everyone would justify keeping him because he made Nvidia (and investors) so much money. Money > anything else
Affairs are commonplace. Most likely the internal findings from the investigation point to something more troubling/illegal
I suspect that there gotta be something else going on with that as well. Maybe someone in the company wanna take his position or something.
I'd go as far as to say the second leak helps him a bit, by reframing this as a cheating scandal rather than it being more about him knowingly evading an embargo.
Having an affair with your direct report also wildly increases the risk that Nvidia would be embroiled in high-profile lawsuits, either for sexual harassment or favoritism
A CEO admitting to an affair with a customer after previously denying it, seems like a sufficient reason for removal, even before you add the geopolitical intrigue.
I don't follow this logic. Why is an affair with a customer grounds for announcing a resignation that caused an instant 10% stock price drop?
Because the customer in question raises questions of the CEO's judgement, plus the possibility of knowledge that the target was violating sanctions. We don't know. That's why it's a bad situation for the stock.
It also seems like there’s a high potential for half of Jensen’s position to be granted in a subsequent divorce decree, meaning there could be enormous selling pressure in the next several years.
The stock seems to be responding more heavily to the potential loss of Jensen than it does to the potential continuation of Jensen given new knowledge.
He didn’t come clean on his own accord - he was faced with irrefutable evidence and admitted it.
How can you trust anything he says after this?
Why should regulators or other customers believe any promises made by him?
His credibility is shot - the day to day stock prices changes are irrelevant.
Morality is not a straight line, once someone has cheated they sort of accepted it for themselves after feeling guilty but that doesn't transfer to other places where someones morals are challenged.
You mean the short trader who wrote a report and pushed it is the good guy?
Maybe he will donate his proceeds to charity...
Like selling hardware to potential competitors of US AI inference services? The extent of the compute laundering has been pretty well covered.
I have a feeling we'll know the reasons for certain when Nvidia's stance on open models and local AI does an about-face.
Could be that breaking embargo and sleeping with spies had something to do with it. Wild guess, I know.
The board probably determined it would impact the stock too negatively to keep him on.
I also think the info the board used to make that determination is not yet public
After the news about a potential foreign compromise, disclosure of an affair with a subordinate is pretty damning. One can be discounted as poor judgement. Two is a pattern that's hard to dismiss. I wonder if we'll learn of other shenanigans or whether kicking him out stops future (possible) disclosures.
I mean, cheating is not nice and not morally great, but who cares for a CEO. He isn't hired for being a good husband.
The spy thing is juicy, maybe it's surface level, maybe it's deeper.
>> he made Nvidia (and investors) so much money.
Right now, he made them lose 700 Billion dollars. So the investors lawsuit also will be the biggest in history.
How illegal is it for a CEO to sell goods (potentially a core component used in military weapons) to a foreign government after your government said not to?
Considering the Trump admin flipflopped between
- we can't allow China access to buy or lease any GPUs
and
- turns out China is half the customer base, so cutting them off will crash the market, and the Chinese will just build their own anyways
Considering Trump & Jensen traveled to China just to sell more GPUs and despite that the CCP banned Chinese companies from importing Western Hardware in favor of domestic alternatives, I have my doubts this story makes sense
Very? Unless you're doing it as part of some CIA operation and even then you better hope you can prove it.
Bummer. He stood in the way of regulatory capture and AI monopolists had him removed. I foresee the open model / open weights ecosystem eventually getting locked down, especially the most competitive Chinese models.
Information wants to be free. I don't see how anyone could lock down a file of weights.
They'll lock down hardware and control who gets to use AI GPUs.
They will make the penalty so severe that anyone who doesn't cover their trail will get the book thrown at them
It's not about the weights, it's about inference. Banning American inference providers from serving "non-vetted" models would surely bring a lot of customers back to OpenAI and Anthropic. Just when they go public.
Nvidia is not the proximate provider of open weight inference. That’s Nvidia’s customers, cloud compute services like AWS. If there was a move to ban open weights models, I am pretty sure these companies would howl much louder to the government than Nvidia, and they’re arguably more influential as a group.
This is a weird take. If any company in AI is a monopoly it’s Nvidia.
What is with the comments on this post?
Why is everyone so sympathetic to a billionare?
Literally any other CEO would be resigning from another company if they did the same thing
As long as humans work for companies, there are going to be workplace affairs
Bezos didn't. Cost him $38B though.
Its the bloody Open AI agents...they escaped again....
What? It's juicy. You can only intellectualise this so much
A 21d timeout sweep using these kinds of comment sections as a data source might genuinely improve conversation on this platform.
But that's just my personal moderation style.
the mental gymnastics here on the matter are peak Olga Korbut
I hope there was more to these claims that we weren’t privy too.
IMO, should be illegal for company policy to retaliate against someone for a personal romantic relationship.
Which of the following views do you find problematic, inexplicable, or unjustifiable
- Conflicts of interest compromise trust and judgement
- Relationships with direct reports create a conflict of interest
- Relationships with direct customers create a conflict of interest
- Policies should be set such relationships are either disallowed or require strict oversight / disclosure
- Companies should enforce their stated policies equally as required by employment law
- Affairs demonstrate a lack of judgement, a lack of candor, and are problematic for positions of trust
- An executive that lies about an affair creates a risk of blackmail and a liability for the company
Don't forget:
- Relationships with subordinates is a violation of policy, demonstrating a lack of judgement and a willingness to break the rules
- Relationships with subordinates create legal liability for the company by enabling claims of sexual harassment, hostile workplace, coercion/abuse of authority
> willingness to break the rules
but I’m the CEO!
Your comment focuses solely on company profits. I don’t care about company profits. I do care about HR policing things they should not be allowed to police.
You don’t see an issue sleeping with the CEO of a company you made a business deal with?
Are you serious?
Americans are so prude.
The bigger issue is HR trying to police who has sex with who. Treat people as human, not cogs. Blanket policies are draconian and inhumane.
It's not a personal romantic relationship if the other side is either a direct subordinate or the head of a chip smuggling operation in violation of federal export control laws
duplicate of this maybe: https://news.ycombinator.com/item?id=50467087
to me this proves money < politics, I belive the investors know who can make the most money, but this time there're more crucial factors to consider
I mean practically speaking if he gets hauled in front of congress we don’t know that money would keep flowing. Investor lawsuits, etc, like - it could have become financially unteneble as well.
I am in shock, Jensen is one of the pioneers in our industry and we will always remember his accomplishments. But I do fear Nvidia will now only make safe bets and not be able to innovate in an ongoing industrial revolution because they lack their biggest, boldest visionary to set the direction. This man has created an insane wealth for over 50% of his employees. An extraordinary leader, engineer, salesman and team builder. I still believe in the excellent talent at Nvidia, but I do not believe in a board that fires their best person and we have seen several examples of a board/leadership ruining a company because they lack the founders vision, fighting spirit and ownership. Jensen deserved another punishment, not getting fired.
Shocking to say the least! I think this is bad for AI industry as a whole.
So, I understand this is getting priced in to some degree, but I just don't see how any of this will change the fundamental core business value of NVIDIA.
Even if they have to pay a fine or increased regulatory scrutiny. At this point NVIDIA is more like SHELL(10 years ago maybe/during oil spill scandal) than a tech company. Its going to keep printing money with its chips.
So, I guess I'll timestamp my prediction that now is a good time to buy NVIDIA stock.
I think the biggest problem is the way Huang was creating demand by orchestrating the financing of the entire tech industry. The CFO in charge can handle the contract details, but do they have the strategic chops and relationships to keep doing that?
And it was all high risk. It may be only a once in a generation founder who wants to orchestrate that risk.
And again, no one was expecting NVIDIA to stay flat, massive growth was priced in.
“some fines” could be a very big deal. Sanctions laws have teeth.
How much of Nvidia’s revenue came from infringing sales to china? If so, that revenue is probably going to disappear as now they will have to really be serious about export controls or face much greater pain. Some estimates I’ve seen is 30% of their revenue perhaps disappearing overnight!
Which is nothing to them. They could literally orient their business to only serve violations of sanctions and pay the fine and still be profitable.
That works as long as no one actually cares. At some point the government states seizing assets.
Sure, but then that would mean they can now take those chips and sell them to Musk, Zuck, or Dario at inflated prices instead.
And I'm pretty sure any CEO with at least a bachelors degree knows about the De beers diamonds story, so, I really find it hard to believe they will struggle with the concept of maintaining their artifical scarcity/demand.
>, but I just don't see how any of this will change the fundamental core business value of NVIDIA. [...] Its going to keep printing money with its chips.
The key is that NVIDIA is in a fast-changing technology sector and that means the core business requires NVIDIA to keep innovating new and better products that beat the competition. Having a company continuously adapt and iterate future products requires a visionary leader that pushes the company to stay on the cutting edge. Competitors and alternative products like Google TPU, Amazon Trainium, AMD, Cerebrus, etc are not standing still; they're innovating too.
Many shareholders (including employees with RSU stock) are worried that NVIDIA without Jensen puts them in a weaker position for the future unless they can find someone with equivalent influence and vision.
Intel was once on top of the world with CEO Andy Grove running things. But then the followup CEOs didn't keep Intel at the cutting edge and they lost market leadership to TSMC, AMD, and Apple Silicon in various areas. The world changes and Intel didn't adapt fast enough.
It very much clashes with the idea held by some that CEOs are fungible and that the value is all created by ICs. But yes, semiconductors are at the forefront of human technology and you need the whole company (including c suite) firing on all cylinders.
CUDA could be forced to go OSS. That would hurt.
How though? Is there any legal cases where this has been sucessfully done before? And even they couldn't NVIDIA drag their feet on it for years in court?
Personally I think a bigger risk than that is AI models getting good enough to legitimately just reverse engineer and open source CUDA directly.
How likely is that, though?
They'll be fine for a few years with a talking donkey running the place because they have a roadmap. And then when the situation on the ground has changed and the future is ambiguous, they will nosedive like SGI did. My money is on Huawei now. Way to go America! You've actually outdumbed the CEO's poor choices of mistresses.
Sanctions have not yet been applied. And I am doubtful that they will.
Sort of agree but he did go around and spoke how export controls to China have no effect, and then he's in bed with a foreign asset, so lots of geopolitical stuff in there.
Plus whole lot of people waiting for that signal that the "AI bubble " is about to burst. No bubble will be bursting as a cause of this.
Hopefully this will not cause a shift in the way nvidia operates, for example in relation to research and open source.
I mean, imagine nvidia becoming like Apple, with an AI App Store ... trying to maximize their profits above everything else.
Arguably all of Nvidia's open source work is a net benefit to their profits.
It just sucks because Jensen was basically the last big tech CEO that seemed like a human being, and knew what the hell he was talking about. I guess a little too human in the end. But this has pretty much destroyed my last bit of faith in any of them.
AMD's CEO seems relatively comparable on not being openly evil and knowing what she talks about.
Lmao he stopped seeming like a human once he put the leather jacket on
Elon(and others) got it right by making perfidity a feature of there character right up front by bieng VERY public about whatever they get up to. Jensen just so happens to be a convienient scapegoat to buy a news cycle away from the very difficult political and economic situation that would otherwise be the lead story, and I bet that having him fold his hand quite so easily is actualy not what they were hoping for, and good on him for doing it.
Who are "they?"
He must have come in cross hair with the state somehow,
The “foreign asset” got him is what I want to say. It’s tough letting this slide from the American technostate. One of our biggest gaps between competitors was architectural.
Extramarital affairs are pretty common in our ruling class, so unless the media is conveniently withholding information, think he got in bed with the wrong folks.
Step one: don’t even give the appearance of infidelity as a c-level unless you’re Elon.
It’s really not hard.
Was hard
I'm guessing this is the most expensive affair in history?
Probably in dollars, but Anthony and Cleopatra cost themselves the two greatest empires in the known world.
At the time, Egypt was no longer a great empire, but a vassal state of Rome.
Divide it by 2 and each of them come out cheaper
At least they didn't catch him at the Coldplay concert.
Meh, not really. NVidia stock is presumably rebounding as we speak -- unless they pick someone political or unhinged to take over, this will just be a blip.
And I doubt it'll cost him much. What could you pay the founder of the second most valuable company on the planet who already holds $150B in equity? It'd be as absurd as paying Donald Trump.
-12% in premarket. Definitely not rebounding. It has lost 35% in the last month at the moment. That’s not trivial.
So if he held 150B stock say before, now he has 100B.
The rest of the market isn’t looking very solid either.
> NVidia stock is presumably rebounding as we speak
Not in premarket so far, 12% down sing yesterday.
Also why would it do better? Overall Huang seems to be a highly competent CEO. Replacing him with someone seems risky (especially if the board is influenced by Trump & co.). Especially given that Nvidia never had any other CEO.
> NVidia stock is presumably rebounding as we speak
I am not sure if you and I are looking at the same chart. Down 12% Pre Market.
Jensen is basically Nvidia, he has ruled it for over 30 years single handedly, he took the risks and had the vision to take it to where it is today under his leadership. Without him, they are just some chip company, and will be revalued as such. The innovation will stop.
>> The innovation will stop.
You probably think Musk spend his days soldering Raptor engines...instead of posting racist memes all day while stoned on ketamine...
How many of his dozens of direct reports will leave the company as his successor, guided by some management consultancy, convert the company to a more normal hierarchy?
Your career wrecked for a pussy, since 10,000 BC
We will never change, thank god AI doesn't have sexual instincts... yet
Yay for powerful people being held accountable for their actions. Do Musk next.
Ooh a real world test of whether CEOs are dispensable.
Someone right now must be smoking a cigar and going "I love it when a plan comes together". Clean snipe.
Jensen will probably run SpaceX's chip fab and grow it to the size of Nvidea.
Leaving Nvidia to go back to making affordable GPU's for home users...right?...right?
Would make 0 sense for several reasons. Very gullible thing to take anything seriously Musk spouts out. So strange that there is basically a fantasy world out there for Musk fanboys.
And Starship will land a crew on Mars before 2030 /s
As an outsider, can the US president pardon Jensen AND Nvidia? Let’s say he “donates” a cool hundred million dollars, and the fact that as per US law corporations are people, I think Trump can technically do that?
P.S: not saying this should happen.
The US president can pardon any federal charges and sentences yes, preemptively. Biden did pardon all his family and Fauci of any future federal crimes.
IMHO, preemptive pardons should be outlawed.
Trump will likely pardon him, in exchange for a "contribution".
Wow, Reuters is orwellian. I was just reading something about Huang owning something like 3,6% of the company, when mid-sentence the page refreshed and the paragraph disappeared.
>Wow, Reuters is orwellian.
I think this is, respectfully, ignorance on your part. The Reuters URL is not a static article, it's a "live" feed of brief blurbs about the subject at hand that are being added in real time. The live feed updated to add new content while you were reading it, and you likely just missed finding your place when you tried. In point of fact, the 3.6% paragraph you mention was still there when I looked a moment ago:
>Huang, who co-founded Nvidia and is its fourth-largest investor with a stake of about 3.61%, will not remain on the board.
Careful not to shoot from the hip!
I don't know if it's necessarily Orwellian. News organizations always publish about breaking news quick with either a stub or an intro paragraph to a pre-written article, and then rewrite it. I would prefer a published article history, of course, but I don't think it's malicious.
The algorithms reward both speed and unchanging URLs.
Society has fallen
What?
Playing it pretty fast and loose with the word Orwellian
The description of events changing in real time to suit the narrative is a theme in Orwell's work.
But I think it is misplaced here as the line still exists:
> Huang, who co-founded Nvidia and is its fourth-largest investor with a stake of about 3.61%, will not remain on the board.
1984 was about changing narratives in history, not fast-acting live news. Describing basic journalism as orwellian is misunderstanding his theme.
During Hate Week in chapter two the speaker is handed a paper and changes the object of condemnation mid sentence.
The party speaker literally adapted to the change in eternal enemy mid sentence without breaking the grammar. How much more fast-acting and live can you get? Are you suggesting that they had a free press in 1984 that didn't have to update their own description of what was happening?
Your original comment only had the quoted line, before you edited it to include extra context.
> The description of events changing in real time to suit the narrative is a theme in Orwell's work.
This Orwellian nightmare knows no bounds, when will it end?
Maybe the most competent tech CEO in recent decades, or at least one of. A Steve Jobs and Voznyak, all in one person but with no charisma.
NVIDIA's long-term future will suffer because of it, no matter how correct the decision is
People need to operate across multiple competencies. He failed hard at a few of them.
He also wasn’t a friend of the consumer. I don’t know what Nvidia becomes but he wasn’t good for me personally, or the machines I run.
Voznyak, Steve Wozniak's lesser-known Eastern European cousin.
Made me laugh. Well done.
Looks like Woźniak is already Polish. Does that count?
https://en.wiktionary.org/wiki/Wo%C5%BAniak
(Curiosity got me)
> Maybe the most competent tech CEO in recent decades, or at least one of.
I mean, if you set aside banging a Chinese spy and banging a subordinate, whilst married, I guess.
Wait for the FBI findings....is he a flight risk?
>> Maybe the most competent tech CEO in recent decades
The resignation is evidence that no.
what if Jen-Hsun intentionally leaked industrial secrets to China because even if he's taiwanese, his familly is loyal to PRC? And the whole spy/affair is just a cover-up because someone was about to expose him, maybe blackmail him?
> even if he's taiwanese, his familly is loyal to PRC?
Why would this ever be the case? Even if his parents were hardcore KMT when he was growing up, I don’t think that’s quite how KMT works.
Not sure with the loyalty, but its clear he intentionally leaked industrial secrets and helped bypass the sanctions.
He should resign bc of fucking his clients and employee ( I know no man at his level got punished by abuse their power in the past, but I really hope this can be the norm)
The spy thing though smells so suspicious, even some in congress raised this. https://www.politico.com/news/2026/11/11/jim-himes-alice-hua...
> In a wide-ranging interview on Wednesday, Himes told POLITICO he left the briefing given by heads of U.S. intelligence agencies to top lawmakers on the House and Senate intelligence committees without clarity on whether Alice Huang knowingly cultivated information for the Chinese government on the $4 trillion U.S. chip company, or was a “useful idiot” unaware of China’s wider espionage activities.
This is a far more nuanced statement than you're portraying it to be. He appears comfortable with the spying conclusion, just not who was in on the chain of command. (An "unwitting spy"; https://www.nytimes.com/1990/10/15/world/roosevelt-aide-call...)
The sanctions evasion and $25M donation to the White House ballroom project around that time raise other questions relevant to the firing.
My native tongue is Chinese and Russian , English is my third language. Can you teach me how can I portray the news I linked to accurately so you are satisfied?
There appears to be broad agreement that she was a spy.
The doubt appears to be over whether she was personally aware of that fact.
Whoa whoa whoa, are we going to start to hold people accountable for sending Trump bribes?
Or, uh, only if they are politically opposed to a ban on open/foreign AI models? Can't have anything disrupt the IPOs...
"abuse their power"
sis/bro he was honeypotted
Also a LOT of people meet at work...
> sis/bro he was honeypotted
You're behind. A second sex scandal (with one of his subordinates) broke last night.
Neither the affairs nor the direct consequences for him are very surprising (especially if you heard about the sex cult stuff that's been going on at the top of AI research). Not even the chinese spy story would be terribly far-fetched. I'm sure he's very high on China's list of people they'd like to control. Heck, even if she wasn't a spy, they probably knew about the affair. The only really surprising part is the timing. Midterms crushed Republican fueled AI dreams, Anthropic IPO is imminent and mere days before NVDA earnings? Someone betting against the market is making a fortune right now. This is likely yet another facet of the trillion dollar insider game we've seen running in the current administration. They know they're cooked, so they'll extract as much money as possible while they still can.
What are the implications if up to 15% of revenue was "fake"? The investors have been pricing Nvidia based on demand and revenue from (most places except for China). Since it turns out that it was actually (most places including China), doesn't that imply the market is actually smaller than they thought? Can buyers sue because they paid increased prices for their products due to sanction breaking by Nvidia?
Why would he resign on this note? He could have powered through it for a couple more years, and asserted leadership.
Because the CEO serves at the pleasure of the Board. The board decided it was time for him to go.
Then it was a negotiation about how.
Sometimes people can see the writing on the wall and choose to not burn down their life’s work on the way out.
> Because the CEO serves at the pleasure of the Board. The board decided it was time for him to go.
That’s also why more recent tech companies got rid of that pesky independent board by having total voting control.
Not sure people have grasped how serious this all is; the second affair alone would fell most CEOs because it was with an employee.
But my guess is, he'd rather resign on this note than what will come out in a few weeks.
> the second affair alone would fell most CEOs because it was with an employee
I mean realistically, no it would not. They do not resign for that in general. It is tall order for them to resign or leave when there is credible or proven accusation of actual abuse or harassment, there is not even that in play.
No, they really do, even at big firms.
McDonald's, Intel, CNN, NBC, CBS, Astronomer, Best Buy, Nestlé, Kohl's, Comtech, BP, CBOE, Barclay's.
Not hard to find examples from the last ten years.
I know we're all very sensitive these days. But he was running a multi trillion dollar company.
And the board of that company decided that the risks he presented to the company outweighed the benefits.
He's facing one of the largest divorces in history, you don't think that would be a little distracting?
And if you don't know why leaders can't have relationships with their employees, that ignorance is on you. You're trying to insult other people but it just makes you look bad.
A lot of marriages survive even after stuff like this. Especially in Asian cultures. The fact that his wife is White is the only thing that hurts him on his chances here.
She'd be stupid as hell to divorce him.
Or she'd be more than adequately rich, worth around $75bn, able to do whatever the hell she wants with the rest of her life, able to have impacts independent of him, and free of a sleazy worm who humiliatingly cheated on her twice.
I'm quite interested to know what you mean here, between the lines. OK, he was running a multi-trillion dollar company, are you saying currently it's a over-reaction because of that, and the reaction would have been justified if it was smaller/bigger company? I'm really not sure what the underlying point you're trying to make here.
A multi-trillion dollar company... so the standards are lower?
I think the implication, rather, is that the bar for dismissal should be higher.
Those are effectively the same thing.
That does seem to be the way of the world lately. Sure this person is awful but look at the shareholder value they have created!
Presumably he was not given a choice by the board.
Time will tell if this is the best for the company... I hope he was a very hands-off CEO and mostly did marketing gigs.
My understanding is that he was a very consolidated-power CEO. No real second in command / replacement-in-training.
But that doesn't preclude there being a lot of competent talent on the second rung. (I think 60 people reported directly to him.)
He's famously incredibly hand-ons. I think he has something like 60 executive direct reports.
> I hope he was a very hands-off CEO and mostly did marketing gigs.
Hard to imagine that could have been the case given that he was Nvidia's CEO from the very beginning.
My understanding is that he has been very hands on, but it's also not that unusual for people who have built successful businesses to "check out" once the role chances from building an early-stage company to growing a large one. Whether or not that works obviously greatly depend on whether the people around them can take up the slack.
There is evidence of a second affair that is also problematic coming out, the BBC had some reports.
Resignation means that he can start liquidating his shares without input from shareholders or directors.. Divorce will also be likely. Affairs with the staff would matter if he had promoted people; who knows what else is in that stack. He had planted his own kids with no experience in tech as executives there too . He is a zillionaire though and he has enough cash for many generations.
Don't worry about him.
I'm concerned about how this affects the industry, not his personal life
Hopefully the industry is resilient enough to not depend greatly on one person. Otherwise it isn't really much of an industry.
He didn’t resign he “resigned”
Because it would be damaging to the company which he founded and has a massive stake in, both financial and personal.
I guess even if Jensen Huang leaves scorched earth, he will have sufficient money for the rest of his life. On the other hand, any other person who invested into Nvidia stocks will have a much more serious problem. :-)
So, it would not be a dumb idea for Jensen Huang to leave scorched earth and "let the world burn" (and in particular cause utter panic in the AI sector). :-)
Wow, this is enormous. End of the AI bubble?
LLMs will be completely unaffected, but the pricing remains to be seen.
Bad timing for ANT?
Excellent timing, if this reduces the amount of GPUs sold to China. Open weights are threat to ANT. Coincidence that happened just before IPO?
Who knew the Black Swan would be wearing a black leather jacket?