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Michael Shermer recommended that people consider buying Nvidia (NVDA) shares tomorrow, stating that the price has just dropped following news related to the Huang-Huang affair and the possibility that the CEO could be removed. Shermer added that he expects the stock price to rebound once the situation resolves.
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Shermer has previously commented on major financial events, including the Madoff fraud case. He noted that Bernie Madoff avoided detection for decades and could have continued his Ponzi scheme without intervention, according to his past commentary. Shermer’s observations often focus on the risks and reactions surrounding market disruptions.