We must have all seen the scandals that has rocked Nvidia in recent days because the affair between Nvidia CEO Jensen Huang and a lady who bears same name Jensen came to light, after this affair came to the open Nvidia stocks has dropped and even more so because the lady in question is alleged to have been a spy.
Now another affair of Jensen Haung has been exposed again cause further damage and I believe this promoted the Nvidia CEO to resign.
For me Nvidia stocks will keep dropping because of the circumstances surrounding it, Jensen Haung was seen as a symbol of hardwork and dedication also a big reason people invest in Nvidia. What are your thoughts.
I think there is every reason for Jensen Huang to resign even though he has built long term relationships, and good reputation for the company, this time his presence might not be relevant to the company because of the matter on ground. However, I also feel the price decrease in the price of the Nvidia stock is as a result of the tension in the Nvidia company, but this is only going to be momentary, and may not last long. There is confidence that once the tension has slowed down, the price of Nvidia stock will sure be stabilized. Nvidia as a tech company has built long term trust, and reputation among investors, so is a system that is difficult to be broken down just by simply resignation, and withdrawing your asset do to resignation of Huang may not be the best decision.