Musk Warns Nvidia Could Lose Key Deals After Jensen Huang's Ouster
Elon Musk says Nvidia may lose critical supply deals without ousted CEO Jensen Huang. Here is what traders should know about NVDA and the chip sector.
In this article
Elon Musk has weighed in on the leadership shake-up at Nvidia, saying the chipmaker would lose "critical" deals without its now-ousted CEO, Jensen Huang. Reuters reported that the comments came in a post on X on Saturday. For traders, the remark puts a spotlight on how much of a technology giant's business can depend on one executive's personal relationships.
Key takeaways
- Musk said Nvidia would lose "critical" deals without Huang, who has been ousted as CEO.
- He argued that many supply-chain arrangements were handshake understandings with Huang rather than written contracts.
- NVDA was trading lower at the time of writing, as were several other chip-linked names.
- The comments are one person's opinion, not a confirmed account of Nvidia's contracts.
What Musk said
Musk credited Huang with steering Nvidia's supply chain "brilliantly", but said many such deals rested on a personal handshake instead of formal paperwork. Another outlet summarised his point as saying that at least some of those deals could be lost without Huang.
It is worth stressing that this is Musk's characterisation. Nvidia's actual contract structures are not public in detail, and the claim has not been independently verified. Investors should treat it as commentary on a possible risk rather than as a fact about the company's order book.
Market reaction: chip names under pressure
As of 15:05 UTC on Saturday, 14 November 2026, the snapshot below reflects the most recent session figures. Because it is the weekend, these are the latest moves rather than live trading.
| Stock | Price | Change today |
|---|---|---|
| NVDA | 162.85 | -2.01% |
| AVGO | 347.01 | -4.76% |
| TSM | 398.73 | -1.67% |
| TSLA | 390.22 | -1.82% |
| MSFT | 523.88 | +0.17% |
| META | 641.69 | +2.90% |
NVDA's day range ran from 158.39 to 170.00, a wide spread that shows how unsettled sentiment has been. Broadcom and Taiwan Semiconductor also finished lower, while Microsoft and Meta moved higher. Since Musk's post appeared on Saturday, its direct effect on prices will only become clear when markets reopen, and the moves above cannot be attributed to it.
Why it matters for traders
Nvidia sits at the centre of the AI hardware supply chain, so questions about leadership and supplier relationships can ripple across suppliers, customers and rival chipmakers. Key-person risk, meaning heavy reliance on one individual, is a familiar theme in equity analysis. When a founder-led company changes its top executive, investors often ask whether informal agreements will be honoured and whether partners will want firmer terms.
What to watch next
- Any official statement from Nvidia's board or management on leadership and supplier or customer commitments.
- Whether major partners publicly reaffirm their relationships with the company.
- How NVDA, AVGO and TSM trade when markets reopen, and whether the sector moves together or diverges.
- Further commentary from prominent industry figures, which can move sentiment even without new facts.
Markets are volatile, and this article is for educational purposes only and is not investment advice.
Frequently asked questions
What did Elon Musk say about Nvidia?
Musk said Nvidia would lose "critical" deals without its ousted CEO Jensen Huang, in a post on X on Saturday. He suggested many agreements depended on Huang personally.
Why does Musk say the deals are at risk?
He said many deals were a handshake with Huang rather than a written contract. This is his view and has not been independently confirmed.
How was NVDA stock performing in the latest data?
NVDA was at 162.85, down 2.01% on the day, with a range of 158.39 to 170.00. This is not investment advice, and prices can change quickly when markets reopen.
- Musk says Nvidia will lose 'critical' deals without Jensen Huang — streetinsider.com
- Musk Says Many Key Nvidia Deals Were Sealed With Handshakes — tokenpost.com