this post was submitted on 12 Nov 2026
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The stock market is such a fucking sham.
If people really believed Nvidia was an indispensable part of the future yesterday, that hasn't changed in the slightest regardless of how many honeypots Jensen was messing around with. We didn't really need any MORE proof, but the fact the stock is falling is absolute evidence that nothing even close to reality or future potential drives stock valuations.
I think this is one of the few cases where the CEO's position does matter. There has been a schism within the US govt and tech sector over whether or not to sell AI chips to China. Jensen Huang was the unofficial leader of the 'yes' faction, arguing that it would cut Huawei's marketshare (and therefore R&D budget). Of course, Nvidia being allowed to sell chips to more customers is in his interest, so he isn't entirely neutral here. Now the US govt and US customers of Nvidia's chips will demand further restrictions on chip sales to China. In the short term, their sales will fall slightly. In the long-term, Huawei will overtake them.
I’m sure it has NOTHING to do with illegal exports and the reports this was known since 25 and covered up. And those that helped cover were just dealt a historic blow.
Yah it has more to do with thr idea that the gov will crack down on these exports, hurting sales. That might pop the bubble since the whole AI movement is now looking shaky to begin with.
They could be reacting to the likelihood of the board removing him as CEO, rather than the company's role in society. He's been the only CEO since the company began, and they have certainly performed better than the competition. There's no way of knowing what a new, unnamed CEO would do.
Realistically though, those are long-term concerns. The market tends to be much more short-sighted, usually on this quarter's results.