Nvidia’s board finally woke up on Thursday morning – and the brutal “Huangover” is likely to last for a while.
If you feel sorry for these clowns for their dyspepsia, you shouldn’t. Yes they are clowns. This whole sordid mess goes beyond their wayward CEO and his sex life, and it was one of their own making.
Recall: The chipmaker’s directors had spent the previous week insisting that there was nothing to see here – all business as usual, really – as the headlines multiplied about its CEO Jensen Huang’s affair with an alleged Chinese spy.
It’s spent the past year sidestepping questions about Huang’s wonky business dealings with the woman, the questionable firm she repped and how oddly this company pushed to sell its most advanced, national security sensitive chips to China, a foreign adversary.
But over the weekend, Huang admitted to his dalliance with Alice Huang as images of her raising a glass with him and rubbing the small of his back went viral. Then came the reports that it wasn’t just Alice, but also at least two underlings he’d been canoodling with. To make matters worse, questions have arisen about the way Nvidia reports on its business in Southeast Asia to investors.
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