Chinese cake was probably not worth all the trouble. Cost Jensen $6.9 billion in personal equity today vs $4.8B revenue and $3.67B gross profits at standard time-of-sale margins, wiping out $190B in total shareholder equity on Monday. Beta adjusted idiosyncratic equity loss purely from the scandal is $301 billion today vs peers 30 day formula shows $345B as the slow bleed wound finally had its scab ripped off! $NVDA is this an opportunity or still more rotation within sector & industry before bottoming out relative to peers? I personally think much of the fear is overblown and already priced into stock price. Only possible scenario that would send price crashing is for @ JensenHuang to be removed or resign from CEO position. This situation should be a wake up call to everyone about social engineering, security and duty, not a public trial on social media.
CryptoBlockParty 🧩Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.