Wall Street is unbothered by Nvidia's Jensen Huang scandal
Wall Street giants have hundreds of billions of dollars riding on Nvidia, but sound remarkably unfazed by the trouble the company is in.
Wall Street companies with billions invested in Nvidia's leader, Jensen Huang, remain undisturbed despite the company's legal issues. Goldman Sachs CEO David Solomon dismissed the implications of Huang's absence, stating on CNBC that the company's success is not dependent on a single individual. Goldman Sachs is among a coalition raising $500 billion to support Nvidia's AI expansion, alongside other finance giants like BlackRock, Brookfield, Blackstone, KKR, and Apollo.
These organizations either declined to comment on the situation or echoed Solomon's perspective. Meanwhile, the Nasdaq and key tech companies rose, possibly anticipating potential stricter export controls on chips due to the scandal, which could benefit US buyers.
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