Odds Jensen Huang Will Be Out At Nvidia Hit 16 %
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The odds that Jensen Huang will no longer be CEO of Nvidia (NASDAQ: NVDA | NVDA Price Prediction) by December 31 have risen to 16% on odds-making platform Polymarket. When the Nvidia board hired Wachtell, Lipton, Rosen & Katz to investigate Huang’s love affair with a Chinese spy and a possible clandestine sale of Nvidia chips to China, perhaps through Singapore, the risks rose further, and the odds hit 20% two days ago.
Odds betting platforms like Polymarket are not considered reliable places to bet on serious events, even though hundreds of thousands of people use them. People primarily bet on how well politicians will do in elections, who will be nominated for top government jobs, and who will lose them. Huang may be the only CEO whose future is worth betting on. He has become one of the world’s most important and most famous CEOs. He has relationships with some of the world’s most important politicians. Nvidia has been the most valuable company in the world, off and on, and at one point was worth $5 trillion.
Huang is also a critical key player in the huge AI sector. He provides many of the most advanced chips; he doles out billions of dollars in loans and buys equity in companies likely to be the tech leaders of the future. He is the world’s 12th-richest man, with a net worth of $140 billion (though that is falling). If Huang leaves Nvidia, tech companies and financial firms that have loaned the sector billions of dollars lose their primary champion. This is especially true at a time when AI is considered either the best thing to happen to mankind or the worst.
Polymarket is worth watching.
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