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Did Elon Musk just become Jensen Huang’s boss?

Did Elon Musk just become Jensen Huang’s boss?
Marko
Finance

Elon Musk has just added more fuel to the fire surrounding Nvidia (NASDAQ: NVDA) CEO Jensen Huang’s affairs, saying ‘it would be an honor’ to hire him.

No stranger to scandals himself and a decade-long friend of Huang’s, Musk expressed his opinion in a post on X in the early hours of November 12.

The comment came after Nvidia’s board reportedly convened on Wednesday to consider removing the co-founder and CEO following new allegations of extramarital relationships with a senior company executive.

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Why would Elon Musk hire Jensen Huang?

The two men have a strong business relationship, as Nvidia supplies Tesla (NASDAQ: TSLA) with graphics processing units (GPUs) used to train artificial intelligence (AI) models for autonomous driving and robotics.

Moreover, both of them accompanied President Donald Trump on his visit to China this year, and Musk had expressed enthusiasm about working with Huang in the past, saying he ‘rocks’ just a month ago.

“Old friends are the best friends. Jensen rocks. The Star Mind computer being co-engineered by SpaceX and Nvidia is far better than almost anyone expects and will reach volume production next year. Working with the incredibly talented Nvidia engineering team is pure joy!” Musk wrote.

With the Star Mind computer co-engineered by SpaceX (NASDAQ: SPCX) and Nvidia also set to reach volume production next year, Elon Musk becoming Huang’s boss would be an unprecedented market development.

Nvidia stock dropping amid Jensen Huang cheating scandal

As mentioned, Huang is currently facing scrutiny following news of extramarital affairs, including one with Alice Huang, who is suspected of being a Chinese spy. 

On November 11, The New York Times also reported that Huang had had another affair, this time with Kimberly Powell, one of Nvidia higher-ups.

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These revelations have led to Nvidia stock suffering significant losses, dropping nearly 8% in pre-market trading  on November 12. 

So far, the company’s market capitalization has lost more or less $600 billion since the scandal investigation was announced.

Featured image via Shutterstock

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