@stevehou
I agree. Everyone is rooting for Jensen.View quoted post on X
Nvidia’s board stated today that it has found “no reason to believe that either national security or Nvidia secrets were compromised” as a result of Jensen’s actions.View quoted post on X
They are initiating an independent investigation overseen by a committee of independent directors, assisted by outside independent counsel, that will examine all available information. This will be an unbiased, exhaustive and thorough investigation given the fiduciary responsibilities of these independent directors.
Jensen said that “I support the investigation and will cooperate fully. I love our country and our company. I am committed to protecting NVIDIA and supporting America’s national security. I am proud and grateful to be an American.”
I have known Jensen for almost 30 years. I simply do not believe he would ever knowingly do anything to disadvantage either America or Nvidia.
The only thing he has ever said to me about China is the absolute importance of keeping the American hardware ecosystem, led by Nvidia, ahead of China. That’s it.
More detailed thoughts follow below:
1/I'm very excited about the JMP of my PhD student Chris Kontz (Stanford GSB) who's on the academic job market this year. Chris’ job market paper analyzes the impact of the rise in passive investing on the real economy. More passive investing in a stock results in increased co-movement with other stocks, leading CFOs of these companies to set higher discount rates, as they were taught to do in business school, even when the fundamental riskiness of their business is unchanged. As a result, these companies cut back on investment. Chris provides compelling evidence that these investment distortions may help to account for part of the @ThomasPHI2 & Gutierrez missing investment puzzle in the US.
christiankontz.comView quoted post on X
