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Nvidia’s Board reportedly preparing to oust CEO Jensen Huang as second extra-marital affair emerges — stock has plunged 20% since scandals began, Huang has been first and only CEO for 33 years. (www.tomshardware.com)
submitted 19 hours ago by to c/technology@lemmy.world
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[–] 33 points 13 hours ago (4 children)

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

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  • [–] 4 points 4 hours ago (1 child)

    There's likely more things going on behind the scenes that we aren't being told about. This probably isnt about the affair but something else like the board wanting to get rid of him or use him as a scapegoat for lower share prices while the AI bubble begins to collapse. I seriously doubt the board just learned about this in the past few weeks.

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  • [–] 1 point 3 hours ago

    This but also Elon had more political clout at the time, he has way way more control over the stock and the board, and the stock was super inflated based solely on Elon and shit he was saying.

    At the time everyone was saying that firing him, even if possible, would send the stock down to like 10% of its value. Which there's no way a board would do.

    Also that's still true.

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  • [–] 19 points 12 hours ago*

    I was also surprised. Musk has literally made cars with an autopilot that killed a lot of people and made a nazi salute in public.

    I think this will also blow over but it would be a big deal I guess if jensen is replaced.

    Nvidia has a report in six days and at this price of 158 dollars, a good report may actually boost the stock for once.

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  • [–] 9 points 12 hours ago

    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.

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