JENSEN HUANG UPDATE
Five days after becoming Nvidia interim CEO, Colette Kress will face her first NVDA earnings report without Jensen Huang on November 17
Colette Kress will face her first major earnings announcement as Nvidia’s interim CEO on November 17, just five days after Jensen Huang resigned. The longtime CFO will continue overseeing the company’s finances as Nvidia prepares to report its third-quarter results and searches for a permanent CEO.
US Fed sets new meeting schedule for 2027, as foretold by Chairman Kevin Warsh
The Federal Reserve will hold seven rate-setting meetings in 2027 instead of the customary eight, while dedicating its October gathering to broader monetary-policy strategy. The revised schedule also moves the year’s final policy meeting to November and removes designations for quarterly economic projections as Chair Kevin Warsh reviews the Fed’s communication practices.
$151 billion fortune, $36 million salary: How Jensen Huang made his money at Nvidia
Jensen Huang resigns: Jensen Huang stepped down as Nvidia CEO following reports regarding his personal life and national security investigations. The company's board has appointed Colette Kress as interim CEO while seeking a permanent replacement. His estimated net worth of $151.2 billion primarily stems from owning approximately 870.6 million Nvidia shares. Huang's compensation was significantly less than the market value of his stock ownership.
Jensen Huang resigns: Will Nvidia products now become more expensive for American buyers as company looks for new leader?
Jensen Huang resigns: Nvidia has not announced any price increases following the resignation of Jensen Huang as CEO. The company expects operations and customer commitments to remain uninterrupted during this leadership change. Prices for Nvidia graphics cards will hinge more on supply and demand factors than on management shifts. Buyers should monitor actual retail prices instead of expecting increases due to the leadership transition.
'Jensen Huang didn't do anything without her': Why insiders say Colette Kress was Nvidia's quiet power centre
The company's board announced that Jensen Huang had resigned from three positions. Colette Kress, current Executive Vice President and Chief Financial Officer of NVIDIA, had agreed to serve as Interim Chief Executive Officer. It was said in an official press release that Jensen's contributions to NVIDIA are profound. The Board and the company thanked him for his immeasurable contributions.
Nvidia's own rulebook, which opens with a letter from Jensen Huang, flags relationships with subordinates; here's why the Kimberly Powell report changes everything
Kimberly Powell is Nvidia's vice president of healthcare. According to former staff members, Jensen Huang and Kimberly Powell were captured on video being affectionate at a San Jose hotel. It was revealed that this happened during Nvidia's annual developer conference in March. The board of tech giant Nvidia is considering whether to oust its CEO Jensen Huang.
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Sunday: 'Confidence in Jensen.' Wednesday: Preparing to oust him. How one report flipped Nvidia's board
The board of tech giant Nvidia is considering whether to oust its CEO Jensen Huang. This comes after revelations that Jensen engaged in two extramarital affairs. One with an alleged Chinese intelligence operative and another with a subordinate executive. Huang had reportedly maintained an undisclosed relationship with Kimberly Powell, Nvidia's vice president of health care.
US Secretary of State Rubio warned Trump of Jensen Huang's ties to alleged Chinese spy: Report
Amid rising concerns, Nvidia's board is scrutinizing CEO Jensen Huang due to alleged espionage tied to his connection with Alice Huang, a businesswoman from China. US Secretary of State Marco Rubio previously cautioned about the implications of their association. It has come to light that Alice Huang's firm could be involved in unlawful smuggling of Nvidia products. However, Nvidia reassured that its operations will remain unaffected during this inquiry.
CoreWeave shares surge over 26% on strong earnings, debt retreat; spark rally in battered AI cloud stocks
CoreWeave's shares experienced a significant increase of over 26% due to strong revenue growth. The company's recent earnings alleviated concerns about a potential artificial intelligence bubble and heavy borrowing. Following these results, shares of Nvidia and other neocloud companies also rose notably. Investors are reassured as CoreWeave plans to avoid unsecured debt markets in the near future. This market movement highlights optimism regarding the future of AI infrastructure investments.
Jensen Huang pulls out of Anthropic and ElevenLabs events after affair admission as Nvidia investigates Alice Huang's alleged China spy links
Nvidia CEO Jensen Huang is no longer expected at Anthropic’s CEO Forum and has disappeared from the ElevenLabs Summit lineup. The changes come after he admitted to being unfaithful to his wife and as Nvidia’s board investigates whether he was targeted by a foreign intelligence operation linked to reports involving executive Alice Huang.
Xiaomi eyes local partners; Electronics firms target AI infra
Xiaomi is looking for local partners as it plans to manufacture home appliances in India. This and more in today’s ETtech Top 5.
Nvidia servers still in their boxes: As Jensen Huang's controversy grows, here's what a US official found inside Megaspeed's Malaysian data centre in 2024
The US agencies believe that Alice Huang was a Megaspeed executive and a Chinese spy. She was assigned the role to feed the information back to China. Megaspeed is a Singapore-based AI infrastructure company. According to reports, it had purchased $4.8 billion in Nvidia chips over the last two years.
Alaska Senate election results: Democrat Mary Peltola widens lead over Dan Sullivan; when will final results be announced?
Alaska Senate election results: Democrat Mary Peltola has expanded her lead over Republican incumbent Dan Sullivan to 2,517 votes in the Alaska Senate race. The Alaska Division of Elections is expected to release additional results on Tuesday, November 10, and Friday, November 13. Here's the latest on the vote count, remaining ballots and when ranked-choice results will be announced.
What we know - and what we don't - as Nvidia investigates an alleged spy plot involving its CEO
Nvidia CEO Jensen Huang's admission of an extramarital affair has triggered a board investigation following allegations that the woman involved was a Chinese intelligence operative. While China has dismissed the claims, the controversy has raised national security concerns, prompted an FBI inquiry and renewed questions over US chip export controls to China.
Jensen Huang and the Chinese spy honeytrap: How does China allegedly use this strategy to gather sensitive US information? Here's how it works
US intelligence assessments had concluded that Alice had been recruited by China's Ministry of State Security (MSS). She was allegedly given the role of developing a close relationship with Jensen. She was tasked to gather information about Nvidia. It was reported that China wanted information about Nvidia's advanced AI chips and business strategy.
Nasdaq futures slip with Nvidia woes, Anthropic IPO in focus
Nvidia's CEO Jensen Huang is facing scrutiny, impacting investor sentiment in the tech sector. Anthropic is preparing for a huge initial public offering, potentially raising $64.4 billion. The market is anxious about upcoming inflation data that could influence stock performance. Cooling oil prices have provided some optimism among investors and pushed Dow futures higher. Concerns over the sustainability of the AI boom continue to linger in the background.
What is a 'defensive briefing,' and why didn't Nvidia CEO Jensen Huang get one while US agencies were watching Alice Huang?
The US intelligence agencies determined Alice Huang developed a relationship with the Nvidia CEO Jensen Huang. It was also reported that she had been recruited by China’s Ministry of State Security to collect intelligence on him. The alleged operation was conducted to get the information about American AI chips.
Nvidia CEO Jensen Huang's $81 billion divorce bill to wife could dwarf Jeff Bezos' $35 billion settlement with MacKenzie Scott ? What we know
Nvidia CEO Jensen Huang's estimated $162.2 billion net worth has drawn attention amid reports of an affair with Alice Huang and a possible divorce. Under California's community property laws, his wife Lori Huang could potentially receive $81.1 billion, a figure that could surpass Jeff Bezos' $35 billion divorce settlement with MacKenzie Scott.
NFL legend Deion Sanders' son Shilo could owe $12 million for life: Creditor alleges two punches left school guard with nerve damage, incontinence
Shilo Sanders, the son of former NFL star Deion Sanders, is facing a challenging bankruptcy case involving nearly $12 million. Creditor John Darjean asserts that the debt should not be dismissed, citing intentional harm. A Texas court previously ruled in Darjean's favor after a 2015 assault case, and now the judge must determine if this financial obligation can be absolved under bankruptcy regulations.
Jensen Huang's wife Lori Huang runs $9.1 billion foundation holding 69 million Nvidia shares; donated $50 million to Oregon State
Lori Huang, wife of Nvidia CEO Jensen Huang, leads a foundation with $9.1 billion in net assets and 69 million Nvidia shares. The foundation has donated millions to charitable causes, including $50 million to Oregon State University. Here's a look at her philanthropy, the foundation's wealth and its major contributions.
Will Nvidia CEO Jensen Huang keep his job amid FBI probe? Here’s what we know
Nvidia's CEO Jensen Huang finds himself embroiled in controversy as he is under investigation due to his alleged affair with Alice Huang, believed to be a Chinese spy. In light of these serious claims, Nvidia has launched an independent inquiry, which Huang is fully backing. Meanwhile, federal authorities are probing for possible export violations, raising questions about Huang's leadership amid concerns over succession planning and the company's future stability.
US stock market stages massive rally today, adds $1.5 trillion: 5 reasons why Dow Jones, S&P 500 and Nasdaq surge as AMD and Tesla jump while Nvidia sinks
US stock market rally today: Wall Street added $1.5 trillion in market value on Monday as technology and semiconductor stocks recovered from last week's sell-off. The Dow Jones jumped more than 1,000 points, the S&P 500 gained 2.17%, and the Nasdaq rose 2.51%. AMD and Tesla led major stock gains, but Nvidia fell nearly 5%
Jensen and Lori Huang's $38 million San Francisco mansion has two wine rooms, an elevator and Golden Gate Bridge views; it was bought through an LLC
Much attention has also been diverted to Jensen and wife Lori Huang's $38 million San Francisco mansion. Jensen Huang is known for his massive wealth. He reportedly owns expensive homes, luxury cars and other luxurious things. He is famous for wearing a black leather jacket at company events and public appearances.
In 2024, a Taipei bar photo showed Alice Huang next to Nvidia CEO Jensen Huang; what US intelligence says happened next
It still remains unclear when Alice Huang first met Nvidia CEO Jensen Huang. It also remains uncertain how long their affair lasted. But, according to media reports, she was first photographed sitting with him in June 2024. This was at a bar in Taipei. Both were seen drinking with executives from Gigabyte and NetThunder.
NVDA stock price today: Nvidia shares slide 5% after Jensen Huang’s affair admission as China spy probe puts AI giant’s leadership under scrutiny – Can it survive the CEO crisis?
Nvidia stock today: Nvidia shares fell 4.5% in premarket trading on Monday, November 9, even as Wall Street futures pointed higher after last week's sell-off. NVDA slipped to around $178.21 from Friday's close of $186.64. Dow futures gained 0.73%, S&P 500 futures rose 0.40% and Nasdaq 100 futures added 0.21%. The latest pressure followed Jensen Huang's affair admission and a board probe over alleged Chinese espionage.
I was unfaithful to my wife: Nvidia CEO Jensen Huang admits secret affair with Chinese spy Alice Huang; all you need to know about the controversy
Nvidia CEO Jensen Huang admitted to having an extramarital relationship with a business executive. Reports suggest that the executive may have connections to Chinese espionage activities. Nvidia's board has initiated an independent investigation to examine these allegations thoroughly. US lawmakers have requested a briefing to understand potential national security issues related to the case. Huang remains the CEO, while the investigation seeks to clarify any risks to the company.
Nvidia probes CEO Jensen Huang’s affair with alleged Chinese spy: Here’s the lowdown
Nvidia has initiated an inquiry regarding CEO Jensen Huang's alleged involvement with businesswoman Alice Huang, who is reportedly associated with potential espionage activities linked to China. She, however, refutes these claims. An independent committee will manage the investigation, focusing on any implications for national security. Huang has acknowledged his infidelity and issued an apology to both his family and the organization. U.S.
Donald Trump was reportedly briefed a year ago that a suspected Chinese spy was close to Nvidia's CEO, but why was Jensen Huang never told?
According to media reports, US intelligence believes Alice Huang was recruited by China's Ministry of State Security (MSS). Alice had developed a close professional relationship with Jensen through her work in the AI and data centre industry. Their alleged relationship attracted intelligence attention because Nvidia's technology is central to the US-China competition over artificial intelligence.
Nvidia CEO Jensen Huang called by key Republicans over Chinese spy Alice Huang allegations
Top Republican lawmakers have requested Nvidia CEO Jensen Huang to provide a briefing on his connections to Alice Huang. This request follows allegations related to national security concerns involving advanced AI chips. Lawmakers emphasized the need to address the extent of risk posed to U.S. national security. Huang's discussions with numerous executives include ordinary business information, according to Nvidia's claims.
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