Nvidia Chief Executive Officer Jensen Huang, the preeminent face of the AI infrastructure boom, was ousted from his post after reports of two affairs, including with one woman who is suspected of spying for China. 

Chief Financial Officer Colette Kress was named interim CEO. The board, which has never had a chair before, appointed Harvey Jones, 73, to the role. Jones, who has been on the board for years, formerly led Synopsys Inc., a company that Nvidia last year took a $2 billion stake in. 

For instant reaction and analysis, Bloomberg Surveillance co-hosts Tom Keene and Paul Sweeney speak with Mandeep Singh, Bloomberg Intelligence global head of technology research and Anurag Rana, Bloomberg Intelligence senior analyst.

Nvidia Chief Executive Officer&nbsp;Jensen Huang, the preeminent face of the AI infrastructure boom, was ousted from his post after reports of two affairs, including with one woman who is suspected of spying for China.&nbsp; Chief Financial Officer&nbsp;Colette Kress&nbsp;was named interim CEO. The board, which has never had a chair before, appointed Harvey Jones, 73, to the role. Jones, who has been on the board for years, formerly led Synopsys Inc., a company that Nvidia last year took a $2 billion stake in.&nbsp; For instant reaction and analysis, Bloomberg Surveillance co-hosts Tom Keene and Paul Sweeney speak with Mandeep Singh, Bloomberg Intelligence global head of technology research and Anurag Rana, Bloomberg Intelligence senior analyst.

Listen for today's top stories, with context, in just 15 minutes. 

Each morning, hosts Nathan Hager and Karen Moskow bring you the latest on US politics, foreign relations, business, financial markets and global economics. The show is recorded at 5 AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest on US politics, foreign relations, business, financial markets and global economics. The show is recorded at 5 AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Bloomberg Daybreak: US Edition

Listen for today's top stories, with context, in just 15 minutes. 

Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Instant Reaction: Nvidia CEO Jensen Huang Ousted by Nvidia Board

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Catch up. Look ahead. Enjoy your weekend.&nbsp; Listen to Bloomberg This Weekend for unique conversations spanning news, politics, lifestyle and culture.&nbsp; David Gura, Christina Ruffini and Lisa Mateo bring you unique discussions and in-depth conversations with lawmakers, business leaders and cultural icons.&nbsp; Bloomberg This Weekend gives you insight to make sense of the world.

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Today's top stories, with context, in just 15 minutes.   


On today's podcast:   

1) Nvidia Corp.’s board has been working with an outside firm to identify potential replacements for Chief Executive Officer Jensen Huang following reports of multiple extramarital affairs, including one with a woman who is reportedly suspected of spying for China, a person familiar with the situation said. The board is weighing the idea of naming a temporary chief while searching for a permanent one, the person said, asking not to be identified because the information isn’t public.   


2) Two key House Republicans on Wednesday said Congress is prepared to subpoena Jensen Huang to provide answers about his affair with an alleged Chinese spy. Republican Representative John Moolenaar, who chairs a House China committee, said Huang has until the end of the day on Wednesday to respond to an earlier request to appear for a closed-door briefing about the scandal that has engulfed one of the world’s most valuable companies and its billionaire leader.   


3) The suspected Chinese spy at the center of a scandal that threatens to take down Jensen Huang has returned to her home country, people familiar with the matter said. Megaspeed International founder Alice Huang is currently living in Beijing with the knowledge of security officials, one of the people said. Huang’s whereabouts have been the topic of intense speculation since Nvidia’s founder admitted to an extra-marital affair and the company’s board began an investigation into allegations she’s a Chinese spy.

Today's top stories, with context, in just 15 minutes.&nbsp; &nbsp;
 On today's podcast:&nbsp; &nbsp; 1) Nvidia Corp.&rsquo;s board has been working with an outside firm to identify potential replacements for Chief Executive Officer Jensen Huang following reports of multiple extramarital affairs, including one with a woman who is reportedly suspected of spying for China, a person familiar with the situation said. The board is weighing the idea of naming a temporary chief while searching for a permanent one, the person said, asking not to be identified because the information isn&rsquo;t public.&nbsp; &nbsp;
 2) Two key House Republicans on Wednesday said Congress is prepared to subpoena Jensen Huang to provide answers about his affair with an alleged Chinese spy. Republican Representative John Moolenaar, who chairs a House China committee, said Huang has until the end of the day on Wednesday to respond to an earlier request to appear for a closed-door briefing about the scandal that has engulfed one of the world&rsquo;s most valuable companies and its billionaire leader.&nbsp; &nbsp;
 3) The suspected Chinese spy at the center of a scandal that threatens to take down Jensen Huang has returned to her home country, people familiar with the matter said. Megaspeed International founder Alice Huang is currently living in Beijing with the knowledge of security officials, one of the people said. Huang&rsquo;s whereabouts have been the topic of intense speculation since Nvidia&rsquo;s founder admitted to an extra-marital affair and the company&rsquo;s board began an investigation into allegations she&rsquo;s a Chinese spy.

Nvidia Prepares to Oust CEO; Congress Looks to Subpoena Jensen Huang

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/802dce78-8f1b-46ed-981b-b50000b36418/transcript

Today's top stories, with context, in just 15 minutes.


On today's podcast:
1)  House Republicans blocked the impeachment of Defense Secretary Pete Hegseth for US military actions in the Middle East and Latin America, effectively killing the effort until Democrats take over Congress in January. GOP leaders forced a procedural vote to block quick consideration of the impeachment measure introduced on Monday by Kentucky Republican Thomas Massie. That procedural step, which sends the measure to the Judiciary Committee where it’s expected to languish, passed 211-204.


2) Nvidia Corp.’s investigation of Chief Executive Officer Jensen Huang’s affair with an alleged Chinese spy is raising questions about the company’s future and sending its stock into a tailspin. In the wake of Huang’s shocking disclosure in a memo to Nvidia employees on Sunday, Wall Street is wondering if the biggest and most important artificial intelligence chipmaker will be able to keep its leader and public face. Nvidia shares had been under pressure prior to this crisis as investors increasingly questioned the durability of the AI trade and the hundreds of billions of dollars in capital expenditures that are funding it.


3) CoreWeave Inc. eased fears about its debt-laden business during a high-stakes quarterly report, indicating that sales growth remains strong despite challenges facing the data center industry. The AI computing provider projected revenue of $13 billion to $13.3 billion this year. That exceeded its previous range of up to $13.2 billion and sailed past the $12.9 billion that Wall Street had predicted. The outlook offered some solace to the battered neocloud industry, which provides computing power to AI developers. Though the company has been signing new customers and adding infrastructure, its rapid spending and heavy debt load have worried investors.

Today's top stories, with context, in just 15 minutes.
 On today's podcast: 1) &nbsp;House Republicans blocked the impeachment of Defense Secretary&nbsp;Pete Hegseth&nbsp;for US military actions in the Middle East and Latin America, effectively killing the effort until Democrats take over Congress in January. GOP leaders forced a procedural vote to block quick consideration of the impeachment measure introduced on Monday by Kentucky Republican&nbsp;Thomas Massie. That procedural step, which sends the measure to the Judiciary Committee where it&rsquo;s expected to languish, passed 211-204.
 2) Nvidia Corp.&rsquo;s investigation of Chief Executive Officer Jensen Huang&rsquo;s affair with an alleged Chinese spy is raising questions about the company&rsquo;s future and sending its stock into a tailspin. In the wake of Huang&rsquo;s shocking disclosure in a memo to Nvidia employees on Sunday, Wall Street is wondering if the biggest and most important artificial intelligence chipmaker will be able to keep its leader and public face. Nvidia shares had been under pressure prior to this crisis as investors increasingly questioned the durability of the AI trade and the hundreds of billions of dollars in capital expenditures that are funding it.
 3) CoreWeave Inc. eased fears about its debt-laden business during a high-stakes quarterly report, indicating that sales growth remains strong despite challenges facing the data center industry. The AI computing provider projected revenue of $13 billion to $13.3 billion this year. That exceeded its previous range of up to $13.2 billion and sailed past the $12.9 billion that Wall Street had predicted. The outlook offered some solace to the battered neocloud industry, which provides computing power to AI developers. Though the company has been signing new customers and adding infrastructure, its rapid spending and heavy debt load have worried investors.

GOP Thwarts Hegseth Impeachment; CoreWeave Quiets AI Doubts

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3caa893e-b76e-42b5-ad78-b4ff00af1ee0/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) President Trump said the FBI is looking into Nvidia Corp. Chief Executive Officer Jensen Huang’s extramarital relationship with a suspected Chinese spy, and offered his support to the embattled chip magnate a day after the affair was disclosed. Despite the allegations, Trump said Monday that he spoke to Huang earlier in the day to ask how he was doing, and praised Huang as a “very honorable man.” Trump’s remarks on Monday marked the second day in a row that he has defended the Nvidia chief following Huang’s admission that he had cheated on his wife of four decades, a revelation that has plunged the chipmaker at the heart of the artificial intelligence boom into an unprecedented crisis.
2) Anthropic PBC is set to kick off the formal marketing of its blockbuster initial public offering as early as Tuesday after an apparent snafu over the filing documents added a dose of last-minute drama to a nervous market. Monday’s brief clerical misstep, in which a leaked prospectus mistakenly dangled a $69.3 billion fundraising target before getting retracted, provided an unexpected jolt to investors preparing for the Claude chatbot maker’s offering. The number, which the company reportedly later said was outdated, indicated a target that would fall short of an earlier goal of matching SpaceX’s record-setting debut.
3) President Trump offered full-throated support for Pete Hegseth, signaling that the embattled defense secretary’s job was safe for now amid a congressional effort to impeach him for his conduct of the Iran war. Republican Representative Thomas Massie introduced a measure on Monday to impeach Hegseth, roughly one week after the president’s party lost its majorities in both chambers of Congress in part because of the conflict in the Persian Gulf.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) President Trump said the FBI is looking into Nvidia Corp. Chief Executive Officer Jensen Huang&rsquo;s extramarital relationship with a suspected Chinese spy, and offered his support to the embattled chip magnate a day after the affair was disclosed. Despite the allegations, Trump said Monday that he spoke to Huang earlier in the day to ask how he was doing, and praised Huang as a &ldquo;very honorable man.&rdquo; Trump&rsquo;s remarks on Monday marked the second day in a row that he has defended the Nvidia chief following Huang&rsquo;s admission that he had cheated on his wife of four decades, a revelation that has plunged the chipmaker at the heart of the artificial intelligence boom into an unprecedented crisis. 2) Anthropic PBC is set to kick off the formal marketing of its blockbuster initial public offering as early as Tuesday after an apparent snafu over the filing documents added a dose of last-minute drama to a nervous market. Monday&rsquo;s brief clerical misstep, in which a leaked prospectus mistakenly dangled a $69.3 billion fundraising target before getting retracted, provided an unexpected jolt to investors preparing for the Claude chatbot maker&rsquo;s offering. The number, which the company reportedly later said was outdated, indicated a target that would fall short of an earlier goal of matching SpaceX&rsquo;s record-setting debut. 3) President Trump offered full-throated support for Pete Hegseth, signaling that the embattled defense secretary&rsquo;s job was safe for now amid a congressional effort to impeach him for his conduct of the Iran war. Republican Representative Thomas Massie introduced a measure on Monday to impeach Hegseth, roughly one week after the president&rsquo;s party lost its majorities in both chambers of Congress in part because of the conflict in the Persian Gulf.

FBI Investigates Nvidia CEO, Anthropic IPO Snafu

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5cab154d-5a85-4821-8f66-b4fe00b21098/transcript

Instant Reaction: Nvidia CEO Jensen Huang Ousted by Nvidia Board

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