Nvidia CEO Jensen Huang admitted to having an affair with an alleged Chinese spy, and some are questioning the timing and agenda behind those allegations.
Before we start, let’s set the scale of Nvidia in today’s market.
First, it’s one of the “Magnificent 7” (Apple, Nvidia, Microsoft, Amazon, Alphabet, Meta, and Tesla) that make up over 33% of the market cap of the S&P 500.
And among the Mag 7, Nvidia makes up 18% of the total market cap.
And then there’s this: “US Economy Increasingly Revolves Around Data Centers” and this:
Point being, Nvidia is a huge deal, and this scandal (among other factors) is having a massive impact on its valuation and potentially the broader US market and economy:
