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Gary Black, identified as Managing Partner and Investor at The Future Fund, said he predicted on Monday that the NVDA board would meet and prepare to oust CEO Jensen Huang. Black described corporate boards as risk averse and focused on avoiding litigation. He noted that despite receiving significant pushback that such an action was unlikely, it now appears to be happening.
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Black has recently expressed caution on Tesla, citing negative earnings revisions and risks tied to unsupervised autonomy in a prior note. Earlier, he highlighted how strong SPCX third-quarter results supported tech shares, including Nvidia, in another market update. His latest remarks on Nvidia’s leadership follow a series of observations on technology sector trends.