U.S. Treasury Secretary Scott Bessent called for a major overhaul at Nvidia following CEO Jensen Huang's resignation amid allegations of illicit chip sales to China. Bessent urged the company to hire an external CEO and suggested scrutiny of other executives over compliance with U.S. export controls. The controversy involves suspected diversion of advanced AI chips to China through a Singapore-based firm linked to espionage. This comes amid a feud between Bessent and Commerce Secretary Howard Lutnick over handling the issue, with Nvidia's interim CEO now CFO Colette Kress. Nvidia is set to report earnings soon, adding pressure amid these governance and regulatory challenges.
Nvidia shares have declined by 2.01% to USD 162.85 on Pluang, reflecting some investor caution amid leadership and regulatory challenges. The stock remains at its 52-week low as of Nov 16, 2026 00:01 WIB, with a market cap of $3.93 trillion and strong buy interest at 83%.
Nvidia's stock has fallen nearly 32% since October, partly due to CEO Jensen Huang's unexpected resignation, raising concerns about leadership continuity. Despite this, the company shows strong fundamentals with a consensus forecast of $108.73 billio...
Nvidia's stock has fallen about 32% from its peak following a chip market selloff and the resignation of CEO Jensen Huang, bringing its price-to-earnings ratio to around 12 times next year's earnings, the lowest since 2012. Despite the drop, Nvidia r...
ChatGPT predicts SpaceX may overtake Nvidia in market capitalization by October 2030, with a 35% chance. SpaceX's market cap would need to grow about 35% annually, compared to Nvidia's 12%, to reach around $6 trillion. SpaceX is expanding beyond rock...
Nvidia's CEO Jensen Huang was ousted following revelations of his affair with a woman suspected to be a Chinese spy, exposing serious corporate governance issues and potential legal violations. This scandal has led to a sharp decline in Nvidia's stoc...
Nvidia CEO Jensen Huang resigned following revelations of extramarital affairs, including one with an executive at Megaspeed, a company under U.S. investigation for allegedly funneling Nvidia chips to China. The scandal raises concerns about potentia...
