This is a truly shocking headline across many well known news media. Jensen Huang, the CEO of Nvidia admitted to being unfaithful to his wife of many years and an affair with a Chinese business woman, Alice Huang, a senior executive of Megaspeed based in Singapore. The US has asserted that Alice Huang is a Chinese intelligence operative inserted to be with Jensen Huang to gather advanced GPU intelligence as well as arrange covert purchase of such GPU for shipment to China.
1. Investment Impact
The NASDAQ has crashed. This will be exacerbated with this astonishing admission. Jensen Huang, as head of Nvidia may now be replaced by the Board of Directors. Since Jensen is the heart and soul of Nvidia, I expect the uncertainty to further weaken Nvidia share prices which has already declined significantly during the recent US Tech crash.
2. Parting Thoughts
Personally, it is now tempting for me to take up a small direct stakes in US Tech ETF or unit trusts to exploit the current downturn.
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