The Don has fallen.
As well, a protection racket loses its black-jacketed enforcer. The DOJ was already investigating NVIDIA (NVDA) as to whether the company abused its market dominance and forced companies to buy GPUs and other products together, whether it restricted its customers’ choices, whether it imposed higher prices for other products if customers did not also use its GPUs, etc.
According to reports out of TechCrunch and Axios, the Don had as many as 60 direct reports and delegated little.
CFO Colette Kress may step in as interim CEO, presumably as there is evidently no direct operating report with global knowledge of the company.
The coercion, it seems, came from the top. I do not see Colette or any new CEO replacing the Don seamlessly.
The Don was the Enforcer. NVIDIA is losing both.
The key-man risk at NVIDIA always was a worry.
If only that were all.
Consider subscribing to Cassandra Unchained to access articles like this as welll as feature articles, Trading Posts, Short Thoughts, History Rhymes, Foundations pieces and the best chat on the internet. Please sign up and join in!
