Professional investor 20+ years.
Wall Street
Joined January 2011
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Stocks don't bottom on good news. They bottom on the worst news you can imagine, like oh, "Jensen has been ousted at Nvidia."
Remember that tomorrow. If you're selling $NVDA, you're selling right at the bottom.
(For clarity, he hasn't technically been fired yet, but it's overwhelmingly likely. Just remember my post, when you see that headline.)
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Stock Viking, Ph.D. retweeted
Only in a completely backwards society does Elizabeth Warren have a job right now and Jensen Huang does not.
This attack on Jensen by the Left has been highly coordinated. Do they even realize they're on the side of China? This is exactly the outcome that China wanted. $NVDA
New York Times, The Atlantic, The Economist, and Axios all want Jensen Huang gone as CEO
That is the strongest possible signal that he should stay
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As a long-time shareholder of $NVDA, I'd rather fire everyone on the board, than Jensen.
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Bombshell story. The spy narrative is collapsing already.
Is there clear & convincing evidence that Alice Huang was a Chinese spy?
- AG says no. (“no conclusions reached”).
- CIA says no. (“not yet convinced”).
- DNI says no (“not entirely accurate and over-torqued”).
- Ranking Democrat on House Intelligence (incoming Chairman) says no. (“today, at least, I don’t know”). This was immediately after he was briefed.
Who argues otherwise? Anonymous officials tell CNN “it strains credulity to believe that she was not acting as an agent of the Chinese government — simply by virtue of the fact that she is a successful Chinese businesswoman working with one of America’s most powerful companies.”
This is their proof after a year of investigating and surveillance? That she was a “successful Chinese businesswoman”?
At this point, the only crime that we know for sure happened is the leaking of the classified memo. Who did that and why?
An investigation should be opened.
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It's so obvious that a year from now people will be saying, "if you would've bought $NVDA on the day Jensen resigned, you'd be up +50% right now." Or some other incredible gain. Nvidia's business is not slowing down.
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Anyone shorting $NVDA here, danger danger.
You know how you, "buy the rumor, sell the news?"
Well with shorting, you "short the rumor, cover the news." Nvidia will be reporting a blowout quarter in 4 trading days.
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People selling $NVDA at a single-digit Fwd P/E is insane. Not sure what those sellers are thinking. Truth is, they're not thinking, they're just panicking. I know people can't believe this right now, but this is a generational buying opportunity.
The unknown is now known.
This morning $NVDA will gap down ($150 floor) on the Jensen news, then rallies as the market focuses on what actually matters.
AI demand is still accelerating. Nvidia GPUs remain the clear winners.
Next Tuesday’s earnings should confirm it.
I think the board understands that the overwhelming majority of shareholders and employees want Jensen to stay as CEO. If they remove him, it would have to be on criminal grounds. Barring that, removing him is not in the best interest of shareholders. $NVDA
We expect Jensen to be removed as CEO of Nvidia at this point and it’s in the Board’s hands. We see the stock valuation at $225 without Jensen ($300 with Jensen as CEO). At this point, writing on the wall for Street as stock will now bake in Nvidia without Jensen going forward 👇
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Stock Viking, Ph.D. retweeted
No. Bill Clinton did not resign.
Jensen Huang shouldn’t either.
And the Nvidia board shouldn’t fire him.
Particularly in the heat of the moment.
Ride it out and ignore the journos.
Clinton did. And then no one cared.
Jensen Huang must go
We argue in @TheEconomist that his position is untenable
"Like many powerful leaders, he came to believe that he was too important for the normal rules to apply to him."
But he is not the only one. Howard Lutnick has failed to stem the flow of chips to China. More heads should roll
Stock Viking, Ph.D. retweeted
I believe shareholders should be able to vote on Jensen *if* anything is going to happen before the investigation is finished.
Stock Viking, Ph.D. retweeted
Elon Musk backs calls for Nvidia's board to wait for the investigation's findings before ousting Jensen Huang.
Investor Gavin Baker also suggested a $NVDA shareholder vote.
Stock Viking, Ph.D. retweeted
Was looking into how stocks reacted to news of iconic CEOs leaving:
Buffett: -5.1%
Ellison: -5.5%
Marchionne: -4%
Jobs: -10%
Steve Ballmer: +7.3%!
💯
in all seriousness, #1 thing to do in this $NVDA situation is ASK THE SHAREHOLDERS. call the top 10 shareholders in the next few hours and do what THEY say. they're the boss. BOD reports to shareholders. how quickly they forget...
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It would be interesting if it were put to a shareholder vote. I would vote my shares in favor of keeping Jensen. $NVDA
For fuck’s sake; removing Jensen is dumb and caving to the idiot mob. Board members, stand for your shareholders, not lesson-givers and other puritans. Jensen visibly has made mistakes (I morally disapprove FWIW), but Nvidia still deserves him as CEO.
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Jensen certainly is the most qualified to run the company, but unfortunately reputation matters. He has demonstrated that he is not trustworthy, so no matter how good he is as a leader, the board will not be able to protect him any further. Their fiduciary responsibility obligates them to mitigate this risk of deception to shareholders and the company by firing him. $NVDA
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