$NVDA · Schwab Network · 2026-11-09

we have a new wild card of uncertainty and that is Nvidia's probe into Jensen Wong with an affair that he's admitted to publicly and whether or not he really was the subject of Chinese intelligence and so now what right and the stock's Good morning, Nicole.

But what it does, it injects uncertainty into Nvidia. Jensen Wong is the other. So, when you look at it like that, Jensen Wong is going to have to answer a lot of questions and not just in front of his board.

It's probably going to be legislators are going to want to know as well, especially with a new Congress. He's going to get dragged in front of them as well.

So, what it means in a nutshell, Nicole, is uncertainty. There's uncertainty around Nvidia, a stock that was already significantly off its recent highs, now down pre-market just under 6%, Nicole.

So, the the fact that he's put out a memo to his employees that everyone in the world has basically read, there's going to be a board of directors investigation into this, but that is just the beginning and there's going to be uncertainty around Nvidia's stock

All the competitors of Nvidia may be up while Nvidia stock is down. So, yeah, a lot of uncertainty around Nvidia stock to start the week, Nicole.

And as you noted, not only an investigation or probe from the board and internally from Nvidia, but also the USA. And so, because of the scale of this, it questions whether or not he will lead Nvidia anymore and whether or not he's trustworthy.

Do they what's the succession plan? I I may be getting ahead of myself here, but it is a question. Do you trust what he says? You know, etc., right? Um and so, you know, what do they have on him? It just it's not a quick thing here.

And so, what was to be the greatest stock that everybody picked last week, all of our guests picked it, you listened to them um for the long term. Today, it just breeds some questions, right?

Because the question is whether or not he'll even be CEO in 6 months or a year.

Well, right. Looking at all the problems that Jensen Wong is going through right now, the good news he started out with complete honesty about his relationship and the affair and all all and his personal life.

That it's a big leap to assume that he won't be running Nvidia. that I'm not willing to go there at all because he could have some uncomfortable weeks and months, but that does not mean he's not going to be the CEO of Nvidia.

So, that's the leap that I'm not willing to take.

But, it's going to be an uncomfortable period for Jensen Wong, that's for sure. Not only personally, but professionally as well. So, we're going to watch how this plays out.

but Jensen Wong, Elon Musk, a few others. Uh, but there there is some key man risk there. So, this is a an ugly chapter in Nvidia's history that Jensen Wong is going to have to work through.

I'm not sure how it plays out. It depends on how serious the allegations and and the truth is. But the good news is he started out with complete honesty and transparency. That's a good start, Nicole.