Bessent Urges 'Dramatic Shakeup' at Nvidia, Outside CEO After Huang Exit
Treasury secretary questions whether the chipmaker pursued illicit AI chip sales and points to export-control scrutiny as the board searches for a permanent chief executive.
Treasury secretary questions whether the chipmaker pursued illicit AI chip sales and points to export-control scrutiny as the board searches for a permanent chief executive.
Treasury secretary says chipmaker's board must answer export-control questions within 10 days after Jensen Huang's resignation.
Lawmakers from both parties want chip-control measures folded into the annual defense bill, days before Trump meets Xi Jinping.
Treasury secretary questions whether Nvidia chased illicit chip sales as he presses a widening feud with Commerce's Lutnick over alleged diversion to China.
Nvidia's new interim leadership is trying to steady the world's most valuable chipmaker, with a company-wide meeting set for November 18 after founder Jensen Huang's resignation.
Nvidia reports Tuesday without founder-CEO Jensen Huang for the first time, days before Anthropic's listing in what could be one of the largest IPOs ever.
Jensen Huang resigned as Nvidia's president, CEO and board member effective immediately; CFO Colette Kress is interim CEO ahead of Nov. 17 results.
Singapore-based Megaspeed is accused of passing advanced Nvidia chips to unauthorized Chinese buyers, exposing a loophole in US export controls on AI hardware.
The Nvidia founder and CEO stepped down after reported affairs, one with a woman U.S. intelligence concluded was a Chinese spy, thrusting the AI chipmaker into its biggest crisis.
The Claude maker aims to raise up to $64.35 billion and reach a $1.405 trillion valuation in one of the largest listings in history.
Nvidia's board launched an independent investigation into CEO Jensen Huang's relationship with a woman U.S. officials suspect of spying, as lawmakers push tighter China chip rules.
Bipartisan leaders back new limits on advanced chip sales to China, with three measures attached to the must-pass defense bill and a deal still unfinished.
The Singapore cloud firm says former executive Alice Huang left in August 2025 and denies media reports about its supply chain.
The AI chipmaker's co-founder stepped down effective immediately, ending 33 years at the company as shares fell and a $1.7 trillion sell-off deepened.
Colette Kress, Nvidia's finance chief since 2013, is running the chipmaker as interim CEO while the board hunts for a permanent successor.
The Singapore cloud firm says former executive Alice Huang left in August 2025 and has hired outside counsel to investigate media reports about its business.
A semiconductor selloff after Nvidia's leadership upheaval capped a mixed week, with investors bracing for Nvidia earnings and an Anthropic IPO.
The Claude maker expects to sell 825 million shares at $70 to $78, valuing it at up to $1.45 trillion in the year's biggest AI listing.
The abrupt exit of the AI boom's central figure wiped roughly $490bn off Nvidia's value last week as investors brace for the chipmaker's earnings.
Elon Musk and tech figures are urging Nvidia's board to bring back ousted CEO Jensen Huang, as interim chief Colette Kress steadies a company reeling from a $490bn week.
The Singapore cloud firm says former executive Alice Huang left in 2025, days after Nvidia CEO Jensen Huang resigned over affair reports.
A grassroots campaign and an internal employee push follow the co-founder's abrupt Nov. 11 resignation amid an affair scandal tied to alleged Chinese intelligence links.