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BREAKING: SpaceX and Tesla could announce a record $3.4 trillion merger as soon as December, per Bloomberg. It would become the world's 5th largest company.

Nvidia $NVDA former CEO lawyers up He has reportedly hired law firm Paul, Weiss following his resignation as CEO

NVIDIA letting Jensen go is a huge mistake, for America and for humanity. It's Apple firing Steve Jobs all over again, but much bigger, given the role of AI in defining the future of our world. I've been keeping quiet on this out of respect for Jensen's family and team, who I've met and who are amazing humans, and because I personally hate infidelity. So my heart goes out to them in this difficult personal family moment. But I can also say that Jensen is human, and makes mistakes like all of us do. Not that I matter at all, but I've known Jensen for a long time and have gotten the chance to spend a lot of time with him, behind the scenes, away from mics and cameras. I have seen him show kindness, humility, care to everyone around him, including strangers, including from the poorest most struggling parts of society, treating all the same with the same thoughtfulness and attention, because they are fellow humans and not because he has something to gain from them. That shows rare character, to maintain humility and humanity through all of it. Another data point is what people who know him well have said privately to me about Jensen over the years. I've never had anyone tell me anything but how awesome he is or how much they love him. Probably over a thousand people at this point. This includes hundreds of engineers, CEOs, colleagues, friends, etc. Also, since there was some spy talk. Jensen is as proud an American as it gets. I'm in shock frankly at all of this, including the mass hysteria around it. I love America, and I think NVIDIA letting Jensen go is terrible for America. I stand with Jensen. Love you all ❤️

BREAKING: Companies tied to Alice Huang invested in DeepSeek and promised to supply it with Nvidia chips, The Information reports. The firms reportedly invested in DeepSeek’s latest funding round, valued at about $15.8 billion, as part of a pitch to help the Chinese AI lab get Nvidia’s Blackwell chips. US export rules bar those chips from China. DeepSeek is reportedly building its next major model on thousands of Blackwell chips.

🚨 WOW: Zerohedge told Elon Musk to hire Jensen Huang. Elon's reply: "That would be an honor." Nvidia's board is reportedly weighing pushing Huang out tonight, and the richest man in the world is already signaling the door is open. The guy who built the chips that run AI, teaming up with the guy building rockets, cars, and Grok? That would be the most dangerous team in tech. Buckle up!

Given NYT article, I think Jensen is gone at $NVDA, potentially by tomorrow morning with my guess the CFO as interim-CEO. But I think the stock bottoms on a RELATIVE basis compared to the semi index post earnings next week at the latest. The new interim CEO will probably want to set a low bar and the stock could trade at a single digit PE vs 11x currently on CY26. There are 40K employees at Nvidia and Jensen was a generational CEO but the pipeline of products I believe will sustain the company for ~2 years. There is a deep bench of direct reports. The analogy I would give is Steve Jobs took his medical leave in Jan-2011 and sadly died in October. $AAPL stock however rose 26%/26% in 2011/12 vs S&P 0/+12% Nasdaq -2/+14% on blistering revenue growth of 66%/45% in FY11/12. It took till year 3 for Apple revenue growth to slow dramatically to <10% in FY13 and then the stock massively underperformed that year. For the AI trade and Nvidia’s stock, the bigger question for me remains the same. Was June 22nd the top in the AI trade overall? I do not think so given Agentic AI just started this year. OpenClaw came out in January for the tech savvy and Muse from Meta for the rest of us in September with others introduced since then. Agentic requires 10-100x more tokens. But time will tell if that was THE TOP. From a technical standpoint, it does not matter if that was THE TOP. There has been forced selling in AI stocks and this Nvidia news is likely to clean out the rest. Why does it not matter? Even if it is March of 2000 and Nasdaq declines 78% from peak to trough over 2 ½ years, there were still 7 rallies that averaged 25% along the way back then. I think another one started on 11/5 but time will tell. Stay nimble and best of luck.

The New York Times reports Jensen Huang allegedly had another affair, this time with $NVDA VP of Healthcare Kimberly Powell citing five people who worked at the company. The two were reportedly seen being affectionate at a hotel during Nvidia's March conference.