alt Hacker NewsNVIDIA Announces CEO Transition
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This is insane. This is the best case scenario for China, much better than just getting the chips. They just crippled their biggest competitor. The stock might not crater immediately because of ongoing AI demand, but it will at some point.
My conspiracy theory is that its American spies who let this go public to pressure him out because Jensen was fighting their agenda of stopping China getting advanced chips. The flow will probably slow for a while, domestic Chinese companies will be forced to adapt, and as a bonus the USA wont even be competitive because they took their best horse out behind the woodshed and shot it to stop someone else from getting a ride. 12 months from now Jensen is gonna be VP of AI hardware at Huaweii or similar, calling it now. Another A+ geopolitical move from an administration that has been in a class of its own right from the beginning. Im a nobody who knows nothing but if I had to bet it would be on this.
Looks like there are a lot of duplicate threads that will have to get folded together...
Huang does owe permanent allegiance to the United States. Treason comes with a price.
Be interesting to see if he ends up hollowing out Nvidia if the talent moves with him to his next venture.
I suspect the real reason the board fired him is he's been lying to the board. It's not the indiscretion it's the lie that gets you.
If he was lying about his affairs with staff then maybe he's been lying to the board about following export controls and other things.
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.
Anthropic is behind this.
Jack Clark Co-founder and head of policy at Anthropic / head of the Anthropic Institute is the nyt and @AnaSwanson "source" he is the one coordinating a coup against Jensen.
is today the best day in over a year to buy NVDA? From a long-term perspective, how much was he the one driving innovation, and can they be something like an Apple who overcame founder's reliance?
What I think is hard to argue: Jensen did a remarkable job leading his company, especially during the development of CUDA, which required an enormous investment in the 2000s but eventually created an ecosystem that outside developers and companies now help sustain and expand. CUDA is a major reason Nvidia has such a dominant market position and should continue to achieve far into the future, regardless of who is CEO. Nvidia's massive risk and its extraordinary payoff will likely be studied for a long time.
AI pushed Jensen into the spotlight very quickly and he didn't respond well, but he should go down in history as an extraordinary leader.
What would the severance package be in a situation like this?
Hopefully this will not cause a shift in the way nvidia operates, for example in relation to research and open source.
I mean, imagine nvidia becoming like Apple, with an AI App Store ... trying to maximize their profits above everything else.
I wonder who thought they would make more money with him gone.
> NVIDIA (NASDAQ: NVDA) Board of Directors announced today that Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately.
Jensen Huang gone as President, CEO, and a member of the Board of Nvidia, effective immediately.
The Nvidia coup operation has been completed. It is over.
The irony isn't lost on me that Jensen Huang suffered consequences for his involvement with mature, consenting adults and a whole bunch of other tech billionaires didn't for their island antics.
I think the affair with the subordinate was the big problem. That opens up NVidia to a lot of legal exposure.
The Chinese spy is bizarre because these guys have corporate security and cooperation of the US government. How was this allowed to happen?
Skirting export bans is an unknown. I honestly don't believe this administration would let anything bad happen there. Jensen Huang is simply too rich and NVidia too big.
You know the industry has concentrated too much power into too few people when one person's midlife crisis can wipe ~$600 billion in market cap
maybe denny's will offer him a role
(bad) jokes aside, it seems that the us gov probably dont believe enough on the affair case for gpus to appear in china and they got rid of the guy
i think this might be the end of an evolution era for nvidia.
I actually agree with this. If there's even a reasonable suspicion he participated in smuggling chips to China, he's got to go. He could be charged with very serious crimes if there is a basis to this. He could spend time in federal prison. If it turns out government officials knew about this and chose not to act because it was juicing stocks or giving them perceived leverage with China for Iran, this could extend to crimes having been committed against the US not just by Jensen but by sitting members of the US administration.
I've been skeptical of Jensen for a while now. For at least the past year, maybe longer, all he seemed to do was have fun at conferences and give interviews where he advocated for selling chips to China. There's no way he was actively managing the company while he was spending nearly 100% of his time traveling to conferences. I'm going to be blunt: the moment he started autographing breasts in public was the moment he stopped being a CEO and started prioritizing his own celebrity.
And yes, other members of this apparent oligarch class need to be held accountable for their behavior too. This isn't a double standard so much as it is Jensen is actually structurally vulnerable enough to experience consequences, whereas figures like Musk and Zuckerberg have created boards and voting configurations that make it much harder, if not impossible, for the world to punish them for severely unethical behavior.
And this is to say nothing about having an affair with a direct report in his capacity as CEO.
> Jensen Huang was fighting hard to hang onto his role with the company he founded, according to several people briefed on the discussions. But an interim plan for the chief financial officer, Colette Kress, to take over Nvidia was well underway yesterday.
From the NYT live updates.
Ah well, I'm somewhat seeing parallels to the 2023 OpenAI drama, not sure if this is gonna be how things end quite yet.
The "state of the world economy and the future of open models would be in turmoil due to affairs of a single person who's not even a politician" situation was not on my 2026 bingo card.
we'll see whether it was about the affairs if Nvidia keeps promoting open weight models or just becomes a supplier for openai and anthropic's closed ecosystems for 'national security' reasons.
At the point, the lesson is to have affairs big and early, so you are invincible to media-coordinated attacks. What a tragedy.
No, the alternative is not to “not having affairs”. Remember, we don’t need evidence to spin a narrative.
It’s crazy how many powerful people are brought down by a seemingly super easy thing: using your conscious mind to decide who to have sex with.
Through abstinence-only sex ed programs, we ask millions of teenagers in the throes of puberty to do this. But somehow fully adult leaders with everything to lose, can’t.
The affairs are horrible behavior. Going around export restrictions.
But talk about ruining a legacy before it really took off. I don't really have sympathy. But this guy should have carried around a piece of paper with some short aphorisms to look at everyday to anchor him back to reality.
Have to stay positive, AMD stock price is up!
I remember Jensen saying he doesn’t have a contract with TSMC. The whole supply is based on a trusted relationship and handshake deals between the two CEOs. I wonder if that relationship is transferable to his successor.
How do you have $150B and squander your 30 year position at the head of this company for either of those two affair partners. Wild work.
Meanwhile, twitter is all up on Elon hiring Jensen as CEO of Terafab!
Who ordered the hit? This was coordinated. None of the info was new, it was dwelling for years.
I guess everyone looks at infidelity and goes oh the horror. Thing is these are puritanical views and has no bearing on the companys wider performance. Not to mention the fact we dont really know what was going on with these people's personal lives. Now going around sanctions otoh is a whole different problem. Although tbf, given the clown that is the US president right now, I am not sure the US has the moral high ground to suggest selling to China is a problem or anything. I dont see the point of these sanctions, so I understand if Nvidia found a way of going around the sanctioned pathways.
I’m sure Nvidia will have great leadership to substitute Jensen, but man is this a generational fumble from Jensen.
The king’s crown tumbles. Stock is already down 10% this morning.
I wonder if this will be the catalyst for Nvidia losing the lead
Artificial Intelligence is no match for Natural Stupidity.
I guess no one wants an Emperor, and someone needs to teach the tech lords a lesson after mid-term, let's see how NVIDIA holds up.
Oh no. They're giving the reins to the Chief Financial Officer.
May God have mercy on us all.
Those are some world-changing, high impact, most consequential genitals right there. Impressive.
The memeing on r/wallstreetbets is off the chart today. At least we have that...
The American empire cutting off its nose to spite China.
Not surprising at all is it?
Supposedly this was known a while ago.
Handy thing for Trump to keep in his back pocket to distract Democrats attention if they won the midterms.
Were he gay this could have probably been avoided. Oh well...
coup brought to you by anthropic?
I believe Jensen is still the largest individual shareholder for Nvidia.
Waiting to see how market reacts, I am selling my shares.
Dear Jensen, time to start another company.
And if you believe in conspiracy theory, I guess anthropic is very happy.
Elon knocking on his door rn ;p
Eh, i think he's acting as a heatshield for Nvidia, his affairs are irrelevant, but the Chinese sales could put both Nvidia as a company and him as CEO in jail... this allows them both to pretends it's a 'personal issue' and get away with it.
That bit with Dwarkesh was very prophetic in hindsight.
Chinese spy? or a plant from one of the AI companies to install a CEO?
So … Johnny Siruji the new CEO when?
[macrumors](https://www.macrumors.com/2026/11/12/johny-srouji-eyed-as-po...)
He got tired of winning.
a night with venus, a lifetime with mercury
Huh, between the Anthropic IPO, the big shift in political environment, and the change in outlook for tech stocks, this comes at a pretty pivotal moment to see if AI train keeps accelerating at the same pace or if we start to see the end of the bubble.
I don't want to sound like a Jensen apologist, obviously huge missteps on his part, but he was quite a figure in shaping the last few years broad economic narrative. Good or bad, he was a force in shaping one of the largest investments ever. Does that shift without him? Does it shift really quick?
I would have preferred a slow fade into the sunset as a opposed to a dramatic exit. Yes, there would have always been a correction, but the bubble bursting explosively vs a more measured, slower correction will have different broader impacts and I just hope this doesn't push more towards the outcome that hurts a lot more.