Jensen Huang resigns as Nvidia CEO immediately (reuters.com)

73 pointsby ksec25 minutes ago26 comments

dbalatero 20 minutes ago

duplicate of this maybe: https://news.ycombinator.com/item?id=50467087

nickalaso 5 minutes ago

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.

baalimago 16 minutes ago

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

paxy 12 minutes ago

Divide it by 2 and each of them come out cheaper

bbor 7 minutes ago

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.

grey-area 4 minutes ago

-12% in premarket. Definitely not rebounding. It has lost 35% in the last month at the moment. That’s not trivial.

The rest of the market isn’t looking very solid either.

ksec 4 minutes ago

> 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.

automatic6131 24 minutes ago

Wow, this is enormous. End of the AI bubble?

LLMs will be completely unaffected, but the pricing remains to be seen.

chinathrow 6 minutes ago

Bad timing for ANT?

newAccount2025 4 minutes ago

Yay for powerful people being held accountable for their actions. Do Musk next.

teknologist 15 minutes ago

Why would he resign on this note? He could have powered through it for a couple more years, and asserted leadership.

vidarh 14 minutes ago

Presumably he was not given a choice by the board.

cinntaile 10 minutes ago

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.

dofm 12 minutes ago

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.

frogblast 12 minutes ago

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.

FireBeyond 11 minutes ago

There is evidence of a second affair that is also problematic coming out, the BBC had some reports.

bbor 11 minutes ago

Because it would be damaging to the company which he founded and has a massive stake in, both financial and personal.

paxy 6 minutes ago

He didn’t resign he “resigned”

silverFork 5 minutes ago

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.

thomasjeff1 12 minutes ago

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

catchnear4321 6 minutes ago

Step one: don’t even give the appearance of infidelity as a c-level unless you’re Elon.

It’s really not hard.