Pai 🌲
Pai 🌲|Nov 12, 2026 14:55
I wrote on Monday that a CEO's departure wouldn't damage the entire supply chain, but I need to retract that statement today. Jensen Huang resigned; the president and CEO resigned simultaneously, effective immediately. The board promoted CFO Kress to replace him. Nvidia dropped 14%. Some people pointed at AMD, saying the money was being moved elsewhere; I think that's a feint. Storage was also affected; the money was being withdrawn from the entire supply chain. Earnings report next Tuesday, the 17th, after market close. No one can answer the question about the roadmap these past few days; who will take over? I'm betting it will drop to 145; if it doesn't reach that before the earnings report, I'll admit I was wrong.
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