★ THE LEATHER JACKET KING HAS FALLEN (ALLEGEDLY) ★ BINDLE PACKED ★ TEARS REPORTED ★ "HONEYTRAP" THEORY: 0 EVIDENCE, 100% VIBES ★ $600B? THAT WAS DEEPSEEK, ACTUALLY ★ TIM COOK REPORTEDLY IN THE CHAIR ★ PRESS F ★ THE LEATHER JACKET KING HAS FALLEN (ALLEGEDLY) ★ BINDLE PACKED ★ TEARS REPORTED ★ "HONEYTRAP" THEORY: 0 EVIDENCE, 100% VIBES ★ $600B? THAT WAS DEEPSEEK, ACTUALLY ★ TIM COOK REPORTEDLY IN THE CHAIR ★ PRESS F ★
The ultimate (unofficial) tribute

The Fall of the
Leather Jacket Kinga meme-umental downfall*

The group chats say the bindle is packed, the tissues are out and the jacket is on the hanger. They also say a spy thriller, a "honeytrap" and a $600 billion crater are behind it all. This page is a tribute to the wildest NVIDIA story the internet ever made up, and a look at which parts are real.

Cartoon: a tearful Jensen holding a bindle, a shouting Trump at a podium pointing to Tim Cook, who is wearing an NVDA cap and holding a glowing graphics card, while photographers swarm outside NVIDIA HQ

*Artist's very unofficial rendering. Cartoon, not a photo. None of this happened at any podium we know of.

In Loving Memory of a Reign

1993 – ??? (rumored)

He co-founded a graphics chip startup at a Denny's booth and built it into one of the most valuable companies on Earth. He made "accelerated computing" a household phrase, or at least a keynote phrase. He wore the same black leather jacket on every stage, whatever the weather or the product cycle.

In the meme version he exits in tears with a bindle on a stick. In the real version there's no exit at all: he's still listed as NVIDIA's CEO. We're writing the eulogy early anyway because the internet asked us to.

Cartoon leather jacket hanging on an empty office chair beside a box of desk items and a glowing green chip
The chair is empty. The jacket stays behind. (In the meme.)

The jacket comes off

Every fallen king leaves a crown behind. This one left a jacket. In the internet's telling it hangs on the back of an empty chair beside a cardboard box of desk things and one last glowing GPU.

There's no keynote, no spatula, no "one more thing." Somebody posts "GG" and the timeline loses its mind.

Unverified

The "Honeytrap" Theory

This is where the rumor mill goes full airport spy novel. The viral version claims the jacket king was caught in a geopolitical Chinese "honeytrap" plot, with trench coats, secret chips and shadowy handlers.

Here's the problem: none of it has any evidence. There are no charges, no filings, no credible reports and no named sources, only screenshots of screenshots. Hanging a spy scandal on a real person with nothing behind it is how misinformation spreads, so this page won't.

We prefer the only version that holds up: a literal jar of honey on a desk in Santa Clara. Suspiciously sticky, but not espionage.

0criminal charges
0SEC filings about it
0credible reports
∞group-chat forwards

The $600 Billion Number

-$600B

The rumor says the scandal wiped $600 billion off the market. The number has a real source, but the story behind it is different.

The rumor

A spy-thriller scandal triggered a $600B meltdown and pushed the CEO out the door in tears.

What actually happened

On January 27, 2025, NVIDIA lost roughly $590 billion in market value in a single day, the biggest one-day drop in US stock market history. The trigger was Chinese AI lab DeepSeek's low-cost model, which spooked investors about AI chip demand. It was a market panic, not a spy story, and the CEO stayed put.

How it (supposedly) went down

01A rumor claims the leather jacket king is stepping down.
02Someone adds a "honeytrap" twist. The plot thickens like honey.
03The tears, the bindle and the cartoon go viral.
04Trump reportedly anoints Tim Cook as the new NVIDIA boss.
05Nobody confirms anything. The memes win anyway. GG.
Cartoon apple wearing a crown, sitting on a green circuit board like a throne
A new king on a green throne?

Long live King Tim?

Every downfall needs an heir. In the meme version Trump reportedly points across the podium and hands the GPU kingdom to Tim Cook, the Apple man. There's no board vote, no press release and no filing.

Apple and NVIDIA have a famously frosty history, so an Apple boss in an NVDA cap holding a graphics card would be the plot twist of the decade, if any of it were real.

Cartoon bull and bear fighting over a green graphics card while a red stock arrow crashes down
Bulls vs. bears: tug-of-war over the GPU.

Bulls in tears too

The CEO isn't the only one crying in meme-land. The bears are laughing, the bulls are clinging to the GPU, and every red candle gets screenshotted like crime-scene evidence.

1
leather jacket left behind
↓↓↓
vibes on the NVDA ticker
0
official confirmations

The Hall of Jacket Fame

Every one of these is real. However the meme ends, the legend stays.

The Denny's OriginNVIDIA was dreamed up in 1993 over diner coffee. Grand slam, indeed.
GeForce 256 (1999)Marketed as the world's first "GPU." The term stuck.
CUDA (2006)It turned graphics cards into general-purpose number crunchers and quietly set up the AI boom.
The Logo TattooHe famously got the NVIDIA logo tattooed after the stock hit a milestone. That's commitment.
The JacketBlack leather on every stage, every year. A uniform, a brand, a meme.
The Trillion-Dollar ClubHe took NVIDIA past $1 trillion, then kept going.
"Reportedly" and "allegedly" are doing Olympic-level heavy lifting on this page.Treat everything about the resignation and the "honeytrap" as rumor until NVIDIA officially says otherwise.
GG!

The end of an era, or just the internet doing internet things? Either way, the jacket will be remembered.