Huang resigned after it was reported that he had an affair with Alice Huang, who is accused of being a Chinese agent, and had engaged in a relationship with an Nvidia executive.
It’s too early simplistic to stop at he slept with a spy
He was having a multiple years long affair with a Chinese intelligence asset who ran a Chinese chip manufacturing company. So that’s someone who the CCP felt they could exploit, and who has a ton of in-field knowledge and would deeply understand any info from him.
Just the divorce is going to cost him almost a 50-100 billion dollars (depending where the stock price settles on his 4% split to 2%). Throw in the job loss on a job he’s done for nearly 34 years. That’s a lot of leverage.
This situation was massively exploitable, multiple intelligence agencies knew, the White House knew and decided to leak it after midterms.
I’m going to guess there’s more to this, and probably some George Bluth style “light treason”. I’d bet money he’s been blackmailed by Trump admin, I’d bet money he’s has leaked material non public info (violating at minimum SEC rules), and that he probably approved deals that avoided sanctions, given the billions of chips sales that bypassed export laws.
I think he’s probably resigning because he’s knocked 1/3 off the stock price of the most valuable company in the world by being so, so stupid. This has got to be in the top 5 biggest screwups in business history, I mean this is solidly in “do not go into buildings taller than 1 storey” territory. God, what a beautiful thing it is…
It’s more likely the prior crash was due to signs Republicans would lose the midterms…
If the crash months ago was because people found out he was banging a spy, that’s a huge fucking deal because it was either insider trading as governmenta found out, or people found out and just never reported to governments.
Or shorted the stock then reported.
Regardless of what happened, there needs to be a shit ton of investigations over this.
This isn’t just profits, it’s national security for a shit ton of separate countries.
Nono I mean since this story broke (with the NYT report on the 29th) Nvidia stock has fallen by a full 1/4 - and it’s lost 1/3 since the high a month ago. Like he couldn’t-keep-it-in-his-pants’d away trillions of dollars in value, and it’s fuckin’ beautiful to see.
Mainstream media really wants to focus on the fucking and not what the spy was getting in return…
The spying is right in the headline of the actual article
“Nvidia CEO Jensen Huang resigns after affair with suspected Chinese spy”
Probably because nobody really knows quite yet
He’s not resinging because of side pieces…
It’s because one was a spy for the Chinese government.
Multiple countries should be doing independent parallel investigations, it will likely all be swept under the rug to save the AI industry.
It’s too early simplistic to stop at he slept with a spy
He was having a multiple years long affair with a Chinese intelligence asset who ran a Chinese chip manufacturing company. So that’s someone who the CCP felt they could exploit, and who has a ton of in-field knowledge and would deeply understand any info from him.
Just the divorce is going to cost him almost a 50-100 billion dollars (depending where the stock price settles on his 4% split to 2%). Throw in the job loss on a job he’s done for nearly 34 years. That’s a lot of leverage.
This situation was massively exploitable, multiple intelligence agencies knew, the White House knew and decided to leak it after midterms.
I’m going to guess there’s more to this, and probably some George Bluth style “light treason”. I’d bet money he’s been blackmailed by Trump admin, I’d bet money he’s has leaked material non public info (violating at minimum SEC rules), and that he probably approved deals that avoided sanctions, given the billions of chips sales that bypassed export laws.
Is the money in the Banana Stand?
I think he’s probably resigning because he’s knocked 1/3 off the stock price of the most valuable company in the world by being so, so stupid. This has got to be in the top 5 biggest screwups in business history, I mean this is solidly in “do not go into buildings taller than 1 storey” territory. God, what a beautiful thing it is…
It’s more likely the prior crash was due to signs Republicans would lose the midterms…
If the crash months ago was because people found out he was banging a spy, that’s a huge fucking deal because it was either insider trading as governmenta found out, or people found out and just never reported to governments.
Or shorted the stock then reported.
Regardless of what happened, there needs to be a shit ton of investigations over this.
This isn’t just profits, it’s national security for a shit ton of separate countries.
Nono I mean since this story broke (with the NYT report on the 29th) Nvidia stock has fallen by a full 1/4 - and it’s lost 1/3 since the high a month ago. Like he couldn’t-keep-it-in-his-pants’d away trillions of dollars in value, and it’s fuckin’ beautiful to see.
And I’m saying that drop may have been because people found out he’d pulled a Winny the Pooh and got stuck in a Honeypot…
And that investigations need to be done to find out what was happening here.
I think that may have been lost somewhere - in that case were in complete agreement.