PRLH

Nov 9 : Nvidia's board is probing whether CEO Jensen Huang had been the target of a foreign intelligence effort, after a media report alleged he had a close relationship with a Chinese businesswoman who passed information to Beijing. Here's what people are saying: DONALD TRUMP, US PRESIDENT: "I have not spoken to him about it. I just know he's a fine person, but you never know what is going on. I hope everything's fine ... I think he's an honourable guy." BILL ACKMAN, PERSHING SQUARE CEO: "I am not suggesting he gets a free pass. If indeed this is more than an affair, then it is obviously a real problem. I like the guy. He has done a lot of good for the world and I hope the damage here is minimal. That is, I am hoping for a simple affair, not a risk to our national security." MOHAMED A. EL-ERIAN, FORMER PIMCO CEO: "While Nvidia has sought to reassure us all, there are several layers here, beginning with the unfortunate timing. For example: The company is systemically important for tech, markets and the economy; Investors tend to struggle to price in key-person and governance issues; and there are fluid national security and geopolitical dynamics." JOSH GILBERT, LEAD ANALYST AT ETORO: "This boardroom storm has landed at a brutal time for the AI trade, but Nvidia’s earnings on 17 November are the real next test. While the investigation is likely to dent sentiment, it won’t alter anything long-term unless it leads to a change at the top, at which point it becomes a completely different ball game." CHRIS WESTON, HEAD OF RESEARCH, PEPPERSTONE: "Will Huang get replaced? No, I don't think that's going to happen. I think given that he is like the godfather of AI and, you know, the OG of what has been the biggest investment thematic that we've seen in a generation, I mean, I think if we genuinely thought he was going to step down ... the stock would be down - it would be an absolute bloodbath, to be honest. "If it is found out that she's confirmed as a spy, then, crikey, it doesn't go well."