Jensen Huang’s exit caps a year of wrecked Nvidia predictions

Nvidia closed Thursday’s trading session $1.5 trillion lower than its valuation one month ago, threatening to decimate a year’s worth of bullish stock price predictions by investors who were fooled by the company’s AI prospects. Most bullish forecasters are praying for a miracle. CEO Jensen Huang has resigned after admitting to two affairs, including one with a Chinese mistress running a company allegedly involved in smuggling export-controlled chips for the benefit of the Chinese Communist Party. In August, Motley Fool contributor John Bromels wrote , “I’m predicting a $6 trillion market cap for Nvidia by the end of the year,” with Keithen Drury joining that call. It’s actually declined from $5.5 to $4 trillion over the past month. Traders everywhere were bullish.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Protos.