Jensen Huang resigns

It's interesting to see SMCI down 11%. Losing their protection?

When it comes to power, true preferences are fully exposed

Huh, between the Anthropic IPO, the big shift in political environment, and the change in outlook for tech stocks, this comes at a pretty pivotal moment to see if AI train keeps accelerating at the same pace or if we start to see the end of the bubble.

I don't want to sound like a Jensen apologist, obviously huge missteps on his part, but he was quite a figure in shaping the last few years broad economic narrative. Good or bad, he was a force in shaping one of the largest investments ever. Does that shift without him? Does it shift really quick?

I would have preferred a slow fade into the sunset as a opposed to a dramatic exit. Yes, there would have always been a correction, but the bubble bursting explosively vs a more measured, slower correction will have different broader impacts and I just hope this doesn't push more towards the outcome that hurts a lot more.

Hopefully this is all for show and he'll come back soon.

The board, made of 10 members, only has 3.94% of Nvidia share in total, out of which 3.58% is owned by Huang.

Meaning that the 9 people pushing him out add up to own 0.36% of Nvidia share, only 0.36%

This is betray of shareholder interest. The board doesn't own Nvidia, this is not their business, yet only they can vote. they just want to finish as soon as possible, and you get a mad result.

It speaks to Huang's actual work performance. His seemingly sole value proposition was talking; his customers originally identified a gpu's utility in AI.

He'll be back one way or another, Jensen is NVIDIA, and a finance person for sure cannot fill the shoes of an innovator

Anyone has internal views of what Jensen bringing, and how the company would be missing without him?

I cant help but see a difference in the moral standard to which Jensen is being held compared to the moral standard that someone like Elon is being held. Why can one get away with shocking moral behaviour, but the other has to step down for a mild affair. If Jensen didnt have the affair, or it never came to light, would all of this still have taken place?

When Cambridge Analytica happened, no one kicked Mark out of Facebook/Meta.

Not making excuses for Jensen, at his status and power level, this stuff goes with the territory. But I cant help but see a double standard here.

My conspiracy theory is that its American spies who let this go public to pressure him out because Jensen was fighting their agenda of stopping China getting advanced chips. The flow will probably slow for a while, domestic Chinese companies will be forced to adapt, and as a bonus the USA wont even be competitive because they took their best horse out behind the woodshed and shot it to stop someone else from getting a ride. 12 months from now Jensen is gonna be VP of AI hardware at Huaweii or similar, calling it now. Another A+ geopolitical move from an administration that has been in a class of its own right from the beginning. Im a nobody who knows nothing but if I had to bet it would be on this.

Jensen being ousted as President & CEO is one thing, but he is also off the board.

Amazing CEO, should stand alongside Steve Jobs and Tim Cook.

Hard not to think this wasn't orchestrated by Anthropic.

What I think is hard to argue: Jensen did a remarkable job leading his company, especially during the development of CUDA, which required an enormous investment in the 2000s but eventually created an ecosystem that outside developers and companies now help sustain and expand. CUDA is a major reason Nvidia has such a dominant market position and should continue to achieve far into the future, regardless of who is CEO. Nvidia's massive risk and its extraordinary payoff will likely be studied for a long time.

AI pushed Jensen into the spotlight very quickly and he didn't respond well, but he should go down in history as an extraordinary leader.

Personally I am not a fan of companies being moral arbiters, or company's reputation and such be the organizing axis around which we decide whether a person has the right to a livelihood, companies after all are not people. Though Jensen is insulated from economic security concerns, for any other "normal" person, the coercive power of a corporate with it's army of lawyers can effectively ruin a person's life.

Whether one deserves such ruination is a moral matter, and everyone is entitled to their own judgement, but it seems wrong to concentrate such power in a private for-profit entity. The entire basis of anti-fascist doctrine is infringement of individual liberties and modern societies, while mostly conditioned to be against government coercion are remarkably comfortable with corporate coercion, dressed up in the pretty language of compliance and organizational reputation. A company is an economic entity, not a moral entity. It is fine with being a moral entity when it comes to matters of its own reputation and operations, but conveniently becomes an economic entity when it is time for layoffs. Ultimately, it comes down to who has a bigger stick

The thing is an organization is not just a place where you work; it is a provider of economic security, livelihood, and dignity. This concentrates extraordinary power in your place of employment; you are to clock in 5 days a week for at least 8 hours a week; and then work in a highly locked down corporate machine, which you are not allowed to customize even though this is where you will spend the majority of your week in, and one has to ask the question to what extent a company owns your life.

I think that we must also identify the cultural contradiction here; where Hollywood and the like in a sense glorify promiscuity and depict wealth as flaunted with assets and women, as a cultural ideal, and then turn around and hound creatures who are products of such a culture.

Of course, in this case it is far more likely that Jensen was involved with some national security incident.

my take someone powerful wanted Jensen out.

whether that's good for nvidia or the u.s at large - I doubt - but time will tell.

Jensen, even after decades, remained deeply involved in many operational decisions with 40+ direct reports. He had a long-term mindset, investing heavily in Tegra and CUDA in 2009-2010, even as he was plagued by write-offs from faulty chips.

This is a terrible decision for NVIDIA and the broader economy. Despite his personal mishaps, he should be judged primarily on value creation for shareholders.

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.

What a sham, the loss of aura is incalculable. A Coordinated effort by those who disagree with him.

is today the best day in over a year to buy NVDA? From a long-term perspective, how much was he the one driving innovation, and can they be something like an Apple who overcame founder's reliance?

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 think he was forced out

What would happen if a Chinese company CEO did similar?

Be interesting to see if he ends up hollowing out Nvidia if the talent moves with him to his next venture.

I suspect the real reason the board fired him is he's been lying to the board. It's not the indiscretion it's the lie that gets you.

If he was lying about his affairs with staff then maybe he's been lying to the board about following export controls and other things.

Am I the only one who feels this is a smear piece to oust Jenson to retain optics?

Outside of the continued selling to China/skirting the export ban I’m of the belief that he was offered a better deal in China, took it, then signaled he was departing, the timing on this seems…suspect.

Recalling the May POTUS and CEO field trip to china, the lot returned together with Jenson extending his stay nearly two weeks afterwards.

IMO this ongoing theatre provides cover to oust Jenson and vilify him before he appears somewhere in China —- imagine how the share price would fair if it came to light that he was leaving as CEO to take a position in Huawei…

still not worth it

He must have come in cross hair with the state somehow,

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.

Guessing Trump was talking about Jenson on 60 minutes this past weekend: https://www.youtube.com/watch?v=m2aC8lAOQbg&t=1458s

"We had a situation where somebody was reported to us to be doing something bad with AI. We called them very strongly and said get ready to go to jail."

Wish the interviewer would have let him talk more instead of changing the subject.

Treason.

And now nothing is stopping him from defecting over to China and Deepseek. Lost his family, lost his job, and China has plenty of money mountains and a very dedicated workforce. The idea must have crossed his mind.

And kitty remains undefeated.

this is extraordinarily funny

ZOG needs to be destroyed

RIP Jensen. Man had his flaws but great work on build the stuff he did.

Though I think it's best for everyone atm for him to have checked out, it's not fun to have your life be out through this nonsense.

I would have to assume that that the amazing almost rockstar esque popularity was the cause of the mistakes he made.

The irony isn't lost on me that Jensen Huang suffered consequences for his involvement with mature, consenting adults and a whole bunch of other tech billionaires didn't for their island antics.

I think the affair with the subordinate was the big problem. That opens up NVidia to a lot of legal exposure.

The Chinese spy is bizarre because these guys have corporate security and cooperation of the US government. How was this allowed to happen?

Skirting export bans is an unknown. I honestly don't believe this administration would let anything bad happen there. Jensen Huang is simply too rich and NVidia too big.

Good. May this lead to the fall of AI hype sooner.

I'm guessing this is the most expensive affair in history?

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.

Looks like there are a lot of duplicate threads that will have to get folded together...

all over getting some pu*y on the side.

>Huang, Nvidia's fourth-largest shareholder with a stake of about 3.61%

This was the founder? Damn!

I get that hardware requires much more capital and investment than a pure software company, but he had crossed the board-being-able-to-fire-you rubicon looong ago

I must say I really wasn't expecting this.

There's huge risk in firing a very successful CEO without anyone ready to replace him.

No one really cares about the affairs, so I think the only thing that could push the board do this would be the threat of more damaging stuff coming out, like nVidia skirting the China ban, or a legal threat to Jensen that envelops the company. Or back-channel pressure from the US Gov.

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.

Lame bigots.

This seems like a wild over reaction to the stock. Does anyone actually think Jensen being CEO of Nvidia is with $1 trillion in market cap?! The reason Nvidia is dominant is because of their ecosystem and them having the best chips, not because of some guy that leads the company.

Shocking to say the least! I think this is bad for AI industry as a whole.