Jim Cramer Wants to ‘Throw Up’ Over Nvidia CEO Jensen Huang’s Ouster News, But Elon Musk Says There’s a Better Way

Detailed summary

On Wednesday, Jim Cramer expressed shock over reports that Nvidia Corp.’s NASDAQ:NVDA board is preparing to remove Jensen Huang, while Elon Musk backed calls for shareholders to…

On Wednesday, Jim Cramer expressed shock over reports that Nvidia Corp.’s NVDA board is preparing to remove Jensen Huang, while Elon Musk backed calls for shareholders to have a say in the CEO’s future as the allegations roil investors.

Nvidia shares closed the regular session up 2.92% at $173.73, then declined 8.61% to $158.78 in after-hours trading, according to Benzinga Pro. Nvidia shares fell 6.72% in overnight trading on Robinhood.

CNBC’s Jim Cramer took to X and said, “Jensen we hardly knew yah. Just plain awful….”

In a separate post, Cramer questioned how Nvidia could function without its longtime leader, saying, “What is it worth when a key man is just erased?” He added that he needed time to process the news, concluding, “I want to throw up.”

Ross Gerber, president and CEO of Gerber Kawasaki Wealth & Investment Management, argued that Nvidia must move forward.

“Hard not to be sad with the news. Jensen will be replaced and Nvidia is still Nvidia. That’s business. He must go and Nvidia needs to focus on selling chips!” he wrote.

Futurum Group CEO Daniel Newman said, "$NVDA will survive no matter what happens. But if Jensen is out it will be a very different company going forward. It will need its own Tim Cook."

Analyst Patrick Moorhead was less optimistic, writing, “This one will be hard, if not impossible, to recover from.”

Deepwater Asset Management managing partner Gene Munster argued that Nvidia’s AI chip dominance should remain intact regardless of its leadership.

Opening of the article, excerpted from TradingView. To read the rest, open the article on the publisher's site.