Travis Devine

IS THIS THE STRANGEST WALL STREET COINCIDENCE? Jeff Bezos’ affair became public in 2019. $AMZN went from ~$800-900B to $2.8T. Bill Gates’ affair in 2021. $MSFT went from ~$1.9T to $3.94T. Now Jensen Huang has admitted an affair and $NVDA ’s board opened an investigation. The company is already ~$4.5T. But look at the short-term reactions in past cases: • $HPQ (Mark Hurd): -10% after hours, -8% next day • $BBY (Brian Dunn): -6% that day • $INTC (Brian Krzanich): -2.4% that day • $AMZN (Bezos): only -1.6% The more central the person, the more shares they own, and the more the affair touches company business, the bigger the short-term hit. Long-term recovery is possible. Short-term key person risk is still real. How are you sizing this for $NVDA?