How Wall Street Is Bracing For the Post-Jensen Huang Nvidia Era

00:00:02 Speaker 1: Bloomberg Audio Studios. Podcasts. 00:00:05 Speaker 2: Radio. News. 00:00:18 Speaker 3: Hello and welcome to another episode of the Odd Lots podcast. I'm Joe Weisenthal. 00:00:23 Speaker 1: And I'm Tracy Allaway. 00:00:25 Speaker 3: Tracy, we're recording this Friday, November 13th. The NVIDIA story is so fast moving that we have to sort of be careful with the episodes we record because we don't know what's going to happen by the time it comes out. But one thing we at least do know is that NVIDIA is scheduled to report earnings next week. And at least that is the next sort of. thing that we know. It's the one known unknown, so to speak, that we can look forward to, right? It's the one thing we do know is that there's something on the calendar. 00:00:57 Speaker 1: That's right. 00:00:58 Speaker 4: I feel like this is another one of those episodes where we have to say exactly when we're recording. So this is 1210 New York time. The stock is down about 4% as we're recording. And obviously, you know, in corporate analyst space, we hear people talk about key man risk all the time, which is a hard thing to actually measure and think about. But I think in the case of Jensen, this is kind of the ultimate key man risk, right? 00:01:24 Speaker 1: This is the guy that built the company. 00:01:27 Speaker 4: We know from various reports that he was intensely involved in the company itself, something like 60 direct reports, no succession plan, really. 00:01:36 Speaker 1: It seems like. 00:01:38 Speaker 4: He was very involved in individual, like, financing deals and things like that. And so you can imagine if you're an analyst covering NVIDIA stock right now, it must be pretty challenging. 00:01:48 Speaker 2: No, totally. 00:01:48 Speaker 3: I've met a few people in my life who have talked about, like, their companies. They're like, my company got some investment from NVIDIA. I got to meet Jensen Wang. I was like, oh, that's cool. But now I go back and listen and remember hearing these stories, and it's like, wow. Wow, he was super involved. Like that same story is like on one. It's sort of like that meme is like, oh, that's great. We have a super involved CEO. And then it's like, oh, we have. 00:02:13 Speaker 1: A super involved CEO. Is this good or bad? 00:02:16 Speaker 3: Anyway, so if you're thinking if just thinking about it from a stock perspective, you have the key man risk. You have all of the legal questions that the company is going to face and how, you know, just everything related to the sort of mega speed and what it knew when and all that stuff. And then there's just the fundamentals of the business and there's chip demand, but also its role in financing a big ecosystem of …