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%.

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[–] 35 points 2 days ago (1 child)

I wonder what job he'll end up with at SpaceXSI

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  • [–] 35 points 2 days ago (4 children)

    "mounting scandal" heh heh heh.

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  • [–] [S] 8 points 2 days ago (3 children)

    Get yer mind outta the gutter.

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  • [–] 22 points 2 days ago (2 children)

    Who is this guy? Where is the one with the leather jacket?

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  • [–] 17 points 2 days ago (1 child)

    Damn, so now they no longer have a financial reason not to put him in the jail. Bye bye

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  • [–] 14 points 2 days ago (1 child)

    What happen to sporty trademark leather jacket?

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  • [–] 12 points 2 days ago (5 children)

    That poor man ..... he's going to lose like .... a fraction of a fraction of his wealth

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  • [–] 13 points 2 days ago (4 children)

    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

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  • [–] 5 points 2 days ago

    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.

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  • [–] 5 points 2 days ago

    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.

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