

The fundamentals did change… there’s now mounting public evidence that Nvidia committed crimes of illegal export and ceding the moat to China destroying their own narrative for urgency.
They are also the pick-and-shovel seller to companies living in corruption-fantasy-land, where reality and real figures don’t matter because the SEC is currently non-functional. Nvidia is giving those companies money to buy Nvidia chips. That is looking to change sometime next year. Since stocks are a reflection where people imagine business is and will be, and if that future includes political and criminal investigations, with or without Huang, that will get priced into the valuation.
Anyway I’m also not fond of the trend of how much the superstar CEO hypes a stock being the main decider of how stocks swing, but in this case this is more than just Huang’s personal failing and messing around. You could still be right, the stock can and probably would rebound after some time as if nothing happened.
In fact I can’t think of a single company that would go under if it’s CEO got fired, or just suddenly disappeared,
Musk, spcx























Spcx as a company is a massive AI business liability bolted onto a viable satellite internet business and an experimental but potentially successful rocket business. The former dwarfing the latter two in size. If they can decouple and let xAI die it can probably survive as a smaller company. If not, then it will likely, in my layman view, implode, and the satellite portion picked up by another company.