Section
Technology companies, digital assets, and the regulation that shapes them.
Nvidia's board accepted Huang's resignation on Nov. 11 and named Chief Financial Officer Colette Kress interim chief executive. The shares closed down 4.3 percent Thursday after falling nearly 12 percent during the session.
Nvidia was down 7.7 percent before Thursday's open, Reuters reported, after reports late Wednesday about Chief Executive Jensen Huang. The company has no clear succession plan, according to Reuters.
The AI cloud provider reported third-quarter revenue of $3.66 billion, up 168 percent, and a $132.5 billion backlog. Its finance chief said the company does not plan more parent-level unsecured debt through 2027 at current yields.
Independent directors and outside counsel will oversee the review. The board says it has no reason to believe national security or company secrets were compromised. The shares fell nearly 5 percent before Monday's open.
Friday's 4.94 percent ten-year yield raises the hurdle for projects that do not pay off until late in the decade.
Technology stories often turn patience into a virtue. In a spreadsheet it is a discount rate.
A project deferred is not free. The cost is whatever the published yields say about time, plus the project you did not build.
A dollar promised for 2036 is not a dollar promised for next spring. The rate used to compare them is the whole argument.
