Nvidia is preparing to oust Jensen Huang

minimaxir

This is certainly fast after the NYT article on his second affair. I suspect this was in the works after the original affair + export scandal.

droidjj

NVDA down almost 8% in after-hours trading. https://finance.yahoo.com/quote/NVDA/

dcgudeman

Affair or not, this is a tragedy for American technology.

u1hcw9nx

The only issue is finding replacement, Only 5 days to earnings.

snvzz

Seems the sort of rumor anyone could produce.

mmmmmbop

I hope it was worth it.

tayo42

Should have sold at 220 ugh But there's no real competitors still? Even for the medium term?

waffletower

I wonder if Trump will retaliate against Nvidia. Neither (firing, retaliating) would be good for the world economy.

galkk

Unless there’s an evidence of him being compromised, this is crazy. I’m total outsider and don’t know Nvidia copropare rule machinery, but from perceived perspective that feels like significant blow to the company. I expect shit show funnier than when OpenAI tried to put Altman with same result.

44mkultra69

Steve Bannon ( et al., himself already having done the job now serving by rolling release AI proxy ) Trump move. Dunno who invented it but it works

karimf

Related: Jensen Huang Said to Have Had Relationship with Nvidia Executive https://news.ycombinator.com/item?id=50459321

jawiggins

From the NYT Story: > During the conference, Nvidia executives were at a nearby hotel for meetings. Mr. Huang and Ms. Powell were seen being affectionate at the hotel. One bystander captured the interaction on their phone, three people briefed on the incident said. > Mr. Huang’s security witnessed the bystander with their phone and sequestered them, the people said. They made the person an offer to sign a nondisclosure agreement. Well, at least there will be one way to make money after AI takes my job... Jokes aside, I would expect we will soon learn there is more. Given that Nvidia was vouching for Megaspeed while exporting those chips, I still think there's a reasonable chance Jensen ends up in jail over this. Not large, but possible.

rvz

The NYT reports that Huang was caught on video with this second affair when they were together in San Jose. Seems like this video and the first affair with the spy was a classic blackmail operation used against him as I said before [0] and Huang likely said no to the wrong person. It is over. [0] https://news.ycombinator.com/item?id=50417105

EmX_3000

The possible security implications of this entire affair (affairs now) can't be overstated. That hardware's in the most secret of facilities, computing very classified workloads for very very serious customers. Not the goofy AI heads, I'm talking about the military and intelligence communities in many nations. Hopefully this teaches the market to migrate away from proprietary CUDA and NVIDIA and their proprietary drivers.

CyberMacGyver

This doesn’t bode well for Anthropic’s IPO indirectly, due to whole AI industry being propped up largely by Nvidia’s circular investment. Also there’s likely a big overlap of institutional investors who are both NVDA and ANT investors and will now likely seek to dump ANT at the opening bell.

matsemann

Why are all the tech overlords scum people? Do they become that way with power, money and fame, or is it a certain kind of person from the start that achieves these things? I'm scared about how this in turn shapes society.

WheelsAtLarge

Large companies always have a backup plan in case the CEO needs to be replaced. What usually happens in these cases is that a new CEO will be named. That new CEO will focus on maximizing the company's earnings while neglecting the tech. And the company will be an earnings winner for the next few years. He's out as CEO but he'll continue to be a force at Nvidia. If the new CEO is smart, he'll keep him in the company, but it will be hard since Huang will be seen as the company's leader and it will be very hard for Huang to act any other way.

aanet

This is how the market tanks... SMH

blahblaher

Nvidia is Jensen. If he's out, NVidia crashes and takes the AI bubble with it

dabinat

Interesting that the thing that might pop the AI stock bubble isn’t anything to do with the technology at all but a good old-fashioned sex scandal.