"The Don Has Fallen." Michael Burry Says Nvidia Is Losing Its "Enforcer," Warns "The Key-Man Risk at NVIDIA Always Was a Worry" and Cites Reports Jensen Huang Had as Many as 60 Direct Reports and Delegated Little
Michael Burry, hours before Nvidia said Jensen Huang had resigned as president, CEO and a director on November 12, 2026, wrote that "the key-man risk at NVIDIA always was a worry," citing reports that Huang had as many as 60 direct reports and delegated little, and said no one would replace him seamlessly. The stock fell below $149 before trading at $166.11, down 4.4%, with Colette Kress as interim CEO; Burry's firm held Nvidia puts in 2025, and the article recommends trimming positions over about 10%.
