In my last post on this I said the open question was whether Nvidia's board would actually vote Jensen Huang out, and who would run the…
In my last post on this I said the open question was whether Nvidia's board would actually vote Jensen Huang out, and who would run the company if they did. Bloomberg now reports the board has been working with an outside search firm to identify potential replacements.
Some directors reportedly favor CFO Colette Kress as interim CEO, and Apple's Johny Srouji is reportedly under consideration. No leadership decision has been announced as of Thursday morning.
The market isn't waiting. NVDA closed Wednesday at $173.73, fell to $158.76 after hours, and was trading at $159.90 premarket Thursday, down 8.0% from Wednesday's close.
On the investigation side, Megaspeed International issued its first public statement since the scandal broke, pledging to "work constructively and transparently with the U.S. government" and saying it takes export-control compliance "extremely seriously." Nvidia maintains it has "no reason to believe" national security or company secrets were compromised, though its inquiry continues.
My read: bringing in an outside search firm is what a board does when it's planning for a vacancy. The Kress-as-interim idea looks like a continuity play, someone investors already know, while the board works on a longer-term pick. Whether someone like Srouji would actually leave Apple is the question I'd want answered before anyone treats this as settled.
$NVDA
Sources:
24/7 Wall St: https://247wallst.com/investing/2026/11/12/nvidia-has-hired-an-outside-firm-to-find-jensen-huangs-replacement/
24/7 Wall St: https://247wallst.com/investing/2026/11/12/if-nvidias-board-fires-jensen-huang-is-his-ultimate-revenge-pairing-up-with-elon-musk-to-build-terafab/
AP via Boston Herald: https://www.bostonherald.com/2026/11/12/nvidia-jensen-huang-megaspeed-us-investigation/
Not financial advice. For informational and educational purposes only.
The one detail that matters most in United's AI agent policy is the check-in step where a human has to acknowledge what's in their bag.
The one detail that matters most in United's AI agent policy is the check-in step where a human has to acknowledge what's in their bag. I read it as United telling the AI labs that a booking still needs a person who can be held accountable, and…
$0 for output tokens is the number I'd circle in Google's Gemini Decisions API, announced Nov 11.
$0 for output tokens is the number I'd circle in Google's Gemini Decisions API, announced Nov 11. Plenty of teams pay chat-model prices for simple yes/no and routing calls, and pricing those calls as input-only feels like big tech squeezing the cheap end of AI spend.
$13.42 billion.
$13.42 billion. That's roughly what Nvidia's Intel stake would be worth at Intel's Nov. 11 close of $62.50, assuming it still holds every share. I'm still skeptical on semis, and what would change my mind is visible demand for chips and partnerships…
Oil Shocks 1973 vs 2026 — Same Shock, Different Inflation
In October 1973, the NYT ran a telling headline: "Six Oil Countries Raise Price 17%." That was the start of the Arab oil embargo, and oil didn't…
In October 1973, the NYT ran a telling headline: "Six Oil Countries Raise Price 17%." That was the start of the Arab oil embargo, and oil didn't stop at 17%. Posted U.S. crude prices ran from roughly $3 a barrel to about $12 during the 1973–74 shock, then to $35 by 1980. U.S. CPI inflation peaked at 14.8% in March…