⚡️With Jensen Huang ousted, Nvidia's most fatal crises have emerged one after another! Nvidia and its US stock market are in grave danger!❗️❗️ Over the weekend, Nvidia and the entire Silicon Valley were in an uproar A petition demanding Jensen Huang's return to Nvidia has garnered over 100,000 signatures. Elon Musk signed it, the CEO of Y Combinator signed it, and He Yi of Binance also signed it. Nvidia's current chief architect, R&D scientist, and hardware engineering director have all publicly signed the petition. One employee even directly criticized, "Dissolve this damn board of directors!" But this isn't just about employees being reluctant to part with their boss; it's about three interconnected nooses tightening simultaneously at Nvidia: The first crisis (people): Top core engineers are preparing to pack their bags and leave—this is Nvidia's most fatal crisis. The internal rhetoric is extremely resolute: "If the board doesn't bring Jensen Huang back, we'll all jump ship to SpaceX and Terafab." Even more terrifying, they claim Musk has already reserved positions for them. Look at this surreal situation: On one hand, the Nvidia board is wielding compliance as a weapon, locked in a fierce battle with its founder; On the other hand, Musk stands outside the door with open arms, smiling and saying, "Nvidia employees are always welcome." Jensen Huang is gone, taking more than just the CEO title. He took with him decades of accumulated technical synergy, supply chain trust, and an exceptional engineering culture. With the departure of these core minds, Nvidia's CUDA ecosystem and next-generation chip development face a precipitous vacuum. If these top Nvidia engineers do indeed leave, in the coming days, we may witness the entire AI chip landscape being completely rewritten. The second crisis (money): The $530.5 billion "AI subprime" credit collapse. No sooner had Jensen Huang left than a foreign media research report revealed the company's true colors: Nvidia's massive $530.5 billion in commitments and guarantees is entering a period of drastic deleveraging. In the past, Nvidia used its own credit to guarantee cash-strapped data centers and engaged in revolving financing to sell chips, artificially inflating its AI valuation. Now that Huang's credit anchor is gone, the first thing the interim CEO did was to reduce OpenAI's guarantee amount. The chain is breaking. Even more critically, the underlying cash flow has long been unsustainable. In the first nine months of 2026, Microsoft, Google, Amazon, Meta, and Oracle's combined capital expenditures reached $556.9 billion, exceeding their operating cash flow of $542.9 billion during the same period. Four of the seven major US stock exchanges saw their free cash flow turn negative this year, the first time in ten years. This means that AI expansion is no longer driven by profits, but entirely by debt. Without Jensen Huang's endorsement, who would dare lend money to these bottomless pits of computing power projects? Funds have already voted with their feet. The Southern ETF, which had a 2x leveraged short position in Nvidia, surged 30.3% this week. Wall Street is pricing in the risk of "default" with real money. This perfectly matches the scenario of the CoreWeave CDS spread soaring past 1150 basis points. The third crisis (material): The new leader simply cannot control that "networked" power structure. Do you know how Jensen Huang manages people at Nvidia? 60 key executives report directly to him. This is an extremely unconventional "networked structure" that relies heavily on the founder's personal energy. He is not just the CEO; he is the "central router" of the entire Nvidia company. Every critical order in the upstream and downstream supply chain, every capacity allocation by TSMC, and even the "handshake agreements" for those multi-billion dollar computing power deals—all relied on him to make decisions, coordinate, and leverage his personal connections on the front lines. Now that Huang is gone. Are you going to let a temporary CFO, or a newcomer the board hasn't even figured out how to recruit yet, take over these 60 arrogant and demanding employees who only obey Huang? She's just a CFO, someone who does accounting and financial statements; she simply doesn't have the ability or the guts to steer Nvidia, and she can't control them. Moreover, as mentioned in the first crisis, some of these 60 people are very likely to leave with Huang to join Musk. If this core node is removed, Nvidia's supply chain will instantly go from a "central route" to a "disorganized mess." Faced with this devastating structural crisis, the board was still denying to CNBC: "We haven't contacted Haas, we haven't contacted Su Zifeng, we've only just started a headhunting firm to find a new CEO." A five-trillion-dollar empire, its key figure gone, and the new leader still "waiting for headhunters." What does this tell us? It tells us the board is a bunch of incompetent, hastily made the decision to oust Huang Renxun! There was no prior planning, and no foresight regarding the severity of the situation. Washington pressure, media hype, and the board's hasty separation—a series of actions that seemed fierce, but ultimately chopped off the soul of the company, without even installing a backup engine. The first of the three crises mentioned above was the internal talent disintegration and exodus, directly halting Nvidia's engine. The second crisis was the potential for AI subprime to directly trigger the bursting of the US AI bubble; The third crisis, plunging Nvidia into chaos and disarray, added insult to injury. These three crises are interconnected. If Huang (referring to Huang, a prominent figure in the Chinese stock market) really doesn't come back, the scenario of AI-induced subprime mortgages will unfold much sooner than expected. US stocks may crash earlier, and Bitcoin will follow suit, ultimately triggering a global financial crisis. Smart money has already sensed the crisis; Bitcoin's price plummeted over the weekend. Will global stock markets crash when they open on Monday? The countdown is already underway. This isn't just internal strife within one company; this is the Battle of Stalingrad for the entire AI narrative.