New details reveal that former NVIDIA CEO Jensen Huang used circular financing to fund AI startups and absorb excess TSMC wafers and memory rather than letting GPU prices drop
As much as I hate Jensen, I have to admit that he was great in both being a technical visionary and also maximizing profit by extracting everything from his customers.
So removing him as CEO in a capitalist society makes absolutely no sense to me.
A capitalist society is one where the owners of capital want to continue to make a profit. By getting caught with a Chinese spy when selling advanced chips to China is one of the few illegal things that the Trump administration cares about, he put those profits at risk. His actions opened the door for investigations into nVidia. Every company has dirty laundry, and it’s not just Jensen’s affairs, so they don’t want those investigations to happen.
He also is a major owner of nVidia stock, so he probably figured the best way to keep his money safe is to resign.
Now he just needs to go get diagnosed with sex addiction or something, spend some time in rehab, do an apology tour, and in a few years he’ll be back as CEO.
one of the few illegal things that the Trump administration cares about
The Trump administration knew about for months and did nothing, they knew the company that lady was CEO was sus AF and did nothing. Jensen was sidelined for a China trip and Trump itself ordered that he was invited.
I will never understand people fanboying tech CEOs/founders, or pretty much anyone honestly. Appreciate their work, if they do good work, but anything else is cringe, for lack of a better word.
I imagine he and/or Nvidia thought his resignation might help him escape the 20 year federal prison sentence for his seemingly wilful violation of export control laws, and the annoying thing about it all is that it probably will.
My conspiracy theory is that the bag-holders didn’t want to get caught when the bubble popped, so they spun up this story of an affair with a woman who could possibly be affiliated with the Chinese government, in order to knock Nvidia off the top spot. Now, Nvidia is going to deflate, and it’s the small players holding the bags.
As much as I hate Jensen, I have to admit that he was great in both being a technical visionary and also maximizing profit by extracting everything from his customers.
So removing him as CEO in a capitalist society makes absolutely no sense to me.
A capitalist society is one where the owners of capital want to continue to make a profit. By getting caught with a Chinese spy when selling advanced chips to China is one of the few illegal things that the Trump administration cares about, he put those profits at risk. His actions opened the door for investigations into nVidia. Every company has dirty laundry, and it’s not just Jensen’s affairs, so they don’t want those investigations to happen.
He also is a major owner of nVidia stock, so he probably figured the best way to keep his money safe is to resign.
Now he just needs to go get diagnosed with sex addiction or something, spend some time in rehab, do an apology tour, and in a few years he’ll be back as CEO.
The Trump administration knew about for months and did nothing, they knew the company that lady was CEO was sus AF and did nothing. Jensen was sidelined for a China trip and Trump itself ordered that he was invited.
slow clap Nice. 😏
I will never understand people fanboying tech CEOs/founders, or pretty much anyone honestly. Appreciate their work, if they do good work, but anything else is cringe, for lack of a better word.
I don’t think any consumer should fanboy him but the shareholder/board members of the owner class should love him.
Pretty much every single one turned out to be a monster in the end. Except Wozniak and probably only because he retired before he could be corrupted.
Its cuz he was in bed with this weeks bad guys
It’s gotta be far worse than we know for him to have resigned so quickly.
I imagine he and/or Nvidia thought his resignation might help him escape the 20 year federal prison sentence for his seemingly wilful violation of export control laws, and the annoying thing about it all is that it probably will.
We need to move away from prosecuting traitors only for them to be pardoned, and move towards angry mobs that get jury nullified.
My conspiracy theory is that the bag-holders didn’t want to get caught when the bubble popped, so they spun up this story of an affair with a woman who could possibly be affiliated with the Chinese government, in order to knock Nvidia off the top spot. Now, Nvidia is going to deflate, and it’s the small players holding the bags.