logoalt Hacker News

qsymmachus • yesterday at 2:28 PM • 6 replies • view on HN

Doesn't this situation demonstrate how bonkers it is to pin the fortunes of the stock market and potentially the entire economy on the behavior of one person?


Replies

mrandish • yesterday at 5:43 PM

> pin the fortunes of the stock market and potentially the entire economy on the behavior of one person?

"We" don't. Media narratives over-focus on individuals and personalities because that's what humans focus on.

Markets can overreact emotionally on daily headlines and weekly narratives but tend to correct quarter to quarter. There's lots of data and examples: Apple after Jobs, Microsoft after Gates, etc. Even after losing iconic, long-time leaders, most industry-leading companies continue to make even more money, more profitably than ever over the following decade.

➕ show 1 reply
al_borland • yesterday at 2:52 PM

The company should have plans in place for what to do when something happens to the CEO. Situations like this, death, or just deciding to leave. I've read reports that Nvidia didn't have this, which would be irresponsible if true, but it's not the norm. The founder leaving is likely a bit different than some other CEO coming in later, but any good CEO should be thinking about what happens to the company when they're gone so people know the company is still in good hands.

➕ show 1 reply
bdelmas • yesterday at 3:57 PM

Can you produce me a list of people who will be better for the job than him? You are asking the wrong questions.

➕ show 5 replies
jimbokun • yesterday at 10:54 PM

Sometimes there’s just events that trigger action on what “the market” was already starting to think.

We had Democrats who are more skeptical of data center construction elected and now the CEO of one of the largest AI companies forced to step down.

If investors were already wondering if AU stocks were over inflated, these events could have been tts impetus they needed to act.

nutjob2 • yesterday at 5:47 PM

That's a fairly hysterical reading. It's a company, no one is irreplaceable.

He has no magic, but he did make some good strategic decisions.

Everyone is a god and a genius (in retrospect) if they found a multi-trillion dollar company, but the causation seldom runs that way.

Jobs founded Apple to great success, left and failed then returned to Apple to great success, then he died and Apple was fine. The company is more important than the individual. Nvidia will also be fine.

And clearly the US economy doesn't rest on the shoulders of Nvidia or AI, no matter the level of hype.

➕ show 1 reply
loceng • yesterday at 2:37 PM

So what mechanism do you propose?

Huang has served as CEO for a whopping 33 years - hard to argue he wasn't crucial to NVIDIA's success, and how many of the board members are the original from when he was first chosen-selected and continued to be hired as CEO over the crucial early decades?

What nuanced knowledge-understanding does he have that no one else can have?

Maybe sleeping with spies was a necessary part of survival, perhaps if he wasn't prone to that then he'd have been assassinated and potential replacement CEOs who are toeing certain lines may have been attempted to replace him after his murder?

➕ show 3 replies