Nvidia shares drop 10% after Jensen Huang resigns
By John Towfighi
Nvidia shares dropped sharply Thursday morning in premarket trading after CEO Jensen Huang stepped down.
Nvidia shares (NVDA) fell 10% before the morning bell, with declines accelerating after the company announced his departure.
The crisis surrounding Huang is unsettling the outlook for the company at the very core of the AI trade. Huang has been a central pillar of the AI boom, championing the technology’s potential and serving as a key figure in dealmaking across the tech industry.
Nasdaq futures fell 1.4%, while S&P 500 futures lost 0.7%.
“mounting scandal” heh heh heh.
Get yer mind outta the gutter.
No, I like it down here. Me and the slugs are forming a union.
Sorry, SatansMaggotyCumFart
I wonder what job he’ll end up with at SpaceXSI
Actually, with all the infidelity and blatant violation of US export policies, he’s now qualified for a cabinet post in the Trump Administration.
Who is this guy? Where is the one with the leather jacket?
The jacket is the true CEO of Nvidia. It’s still employed
Jensen’s wife got the jacket. Maybe she’ll keep it in the divorce.
Damn, so now they no longer have a financial reason not to put him in the jail. Bye bye
goofy fashion choices by tech CEOs = “yea, i’m cooler than you”
business suit = “please don’t hurt me”
edit: LOL i replied to the wrong comment-- oh well still works
What happen to sporty trademark leather jacket?
Wife is getting it in the divorce
That or she took some scissors to it
That poor man … he’s going to lose like … a fraction of a fraction of his wealth
Actually his wife has been with him since before he started the company, they jointly own the shares, and there’s probably not a pre-nup…so he’s probably going to lose half when she divorces his cheating ass
Still it’s like saying there’s a mountain of solid gold and now they’re going to cut the golden mountain in half and he gets to keep one side of it … poor man :(
He only gets oneside of the multigenerational absurd wealth???
We need a GoFundMe for this poor man
deleted by creator
Nope, you’re wrong
He co-founded the technology company Nvidia
Cofounder
Bye bitch
Live by the wang, die by the Huang.
Ah, the one who was selling showels? What’s up with actual diggers? This scandal is loud but pretty mid, it kinda refocuses us from what’s going on with genAI companies.
Nvida and the entire AI bubble is going to be in trouble. Huang ran a highly strict hierarchical corporate structure that made it to where he was basically approving every single line item for the company. He has been the biggest cheerleader and funder behind the AI race since the beginning.
Lord knows what’s going to happen now, hopefully they choose a new CEO that knows how to run an unbiased risk assessment. Maybe if they stop the self reinforcing cycle of funding loops the bubble can pop without dragging the world economy off of a cliff.
