Jensen Huang is Out at Nvidia & Bitcoin is Crashing?! | Jordi Visser

SPEAKER_1 (0:00)

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Jordi Visser (0:58)

I think the China-U.S. situation, there's probably more to this story than we realize. It's just too important of a story, and he's too important of a person for governments to not be involved. And you're hearing that Scott Besson and Lutnick are going at it and getting blamed on this whole situation, the speculation as to when they knew this. So there's a lot more that's going to come out in the story over the course of the next month.

Anthony Pompliano (1:20)

What's going on, guys? Today, we've got a great conversation with Jordi Visser. In this conversation, we go through what's going on in Nvidia, Jensen Huang is out, what are the ramifications, what does it mean for your portfolio? We also talk about Bitcoin and how it has sold off so aggressively. Why is it happening? How can it actually turn around? What about MicroStrategy getting removed from some of the different indexes? And then we talk about the broader macro ecosystem and what's going on and what he's paying attention to. Now, I'll give you a warning, Jordi is a little under the weather. He does this remotely, but it's like the Michael Jordan flu game. This guy puts on an incredible performance. So here's my latest conversation with Jordi Visser.

All right, Jordi, flu game, your best performance in months right now. 97 finals, Chicago Bulls.

Speaking of Jensen Huang, the Michael Jordan of AI, this guy's out. It took like four or five days from scandal breaking to literally the most important man in AI in many people's eyes, resigning and just getting pushed out of the company, built for 33 years. What's your reaction?

Jordi Visser (2:19)

Well, first of all, I was surprised that it went that fast.

Literally surprised that we would get to the point that this would happen in a matter of days. I was in your office. We were sitting around talking about it and I didn't think that this would end up that quick, that fast, but it did. Obviously, the stock reacted the way the stock would react. Now, you've got everyone scrambling to make assessments on what's going on. No one is changing on Wall Street. Everyone lowered their price targets dramatically, but no one changed their earnings forecasts. It's just a very, very weird situation and it came right after we had the semiconductors and all of the AI trade go through a massive liquidation the prior week and really the end of October into here. I think the timing was bad. I think it's going to take a little while to get through the aftermath and we have earnings coming up next week for the company. Maybe that's when this will all kind of go away for the time being, but these types of things, when they happen, people freak out this day, but I don't see it in the end as being, unless there's other things that we don't know about that are going to come out that are more related to the actual situation that Nvidia was doing, and there's a lot of speculation on that. I just think that this will go away relatively quickly.

Anthony Pompliano (3:49)

Okay, I want to break this down into three different components. First, Jensen being pushed out, it seems like right now the story is, he had extramarital affairs, potentially one person, at least in the beginning of the story, is a Chinese spy. Now there's a lot of agencies coming out saying, we don't know if that's true or not, so it's unclear whether that is true.

One woman for sure was a subordinate or somebody, a direct report at the company, and there's a rumor that there might be a third one who also was an employee at the company. Do you agree that the board has something to stand on in terms of removing him, given it's not just things related to the company, it's kind of these personal matters, but it does involve employees or customers?