CoreWeave under pressure from NVIDIA executive change

Jensen Huang is gone. The WSJ reports that Nvidia's board is being urged to appoint a formal CEO as soon as possible. Among the stocks we're watching today, the ones that fell the hardest weren't $NVDA, but rather those neocloud companies. NBIS dropped 8.1%, IREN -7.8%, and CRWV also fell 7.3%. These companies' ability to secure GPUs and raise capital largely depends on Old Huang's personal endorsement. Barron's also mentioned that Nvidia is lending $2 billion to an AI startup that is about to go public. Whoever succeeds as CEO will first have to decide whether to honor the commitments made by the predecessor. #Nvidia