alt Hacker News>, but I just don't see how any of this will change the fundamental core business value of NVIDIA. [...] Its going to keep printing money with its chips.
The key is that NVIDIA is in a fast-changing technology sector and that means the core business requires NVIDIA to keep innovating new and better products that beat the competition. Having a company continuously adapt and iterate future products requires a visionary leader that pushes the company to stay on the cutting edge. Competitors and alternative products like Google TPU, Amazon Trainium, AMD, Cerebrus, etc are not standing still; they're innovating too.
Many shareholders (including employees with RSU stock) are worried that NVIDIA without Jensen puts them in a weaker position for the future unless they can find someone with equivalent influence and vision.
Intel was once on top of the world with CEO Andy Grove running things. But then the followup CEOs didn't keep Intel at the cutting edge and they lost market leadership to TSMC, AMD, and Apple Silicon in various areas. The world changes and Intel didn't adapt fast enough.
It very much clashes with the idea held by some that CEOs are fungible and that the value is all created by ICs. But yes, semiconductors are at the forefront of human technology and you need the whole company (including c suite) firing on all cylinders.