Nvidia shares fell more than 6% on Monday after the company’s board announced an investigation into the relationship between CEO Jensen Huang and Alice Huang, whom U.S. intelligence agencies suspect of being a Chinese spy. Jim Cramer said the situation remains fraught with risk and that investors should prepare for Nvidia potentially operating without Jensen Huang. He nevertheless believes the company’s chips remain incredibly valuable and that several lesser-known executives could provide leadership continuity. During the week’s meeting, he also reduced his exposure to data center-related stocks and remained reluctant to sell Alphabet because of pressure from artificial intelligence on its search business, its discounted valuation, and its growth businesses in cloud computing, YouTube, and Waymo.
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