Al Jazeera · Wed 11 Nov

Wednesday 11 November

Nasdaq futures drop 0.8% as WSJ says Nvidia board is preparing to oust CEO Huang

AI-generated summary US equity index futures fell after The Wall Street Journal reported that Nvidia board members are preparing to oust chief executive Jensen Huang. Nvidia shares dropped around 4.5% in after-hours trading following the reports about Huang and his relationships.

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Jensen Huang affair in D.C.: Resignation calls and moves to tighten Nvidia China exports

AI-generated summary Nvidia faces upcoming congressional investigations concerning its exports to China and the relationship between Jensen Huang and a suspected spy for China's intelligence service. Lawmakers are pushing to include measures such as the AI Overwatch Act in the National Defense Authorization Act to tighten export controls on advanced AI chips.

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Trump Officials Clashed Over Firm at Heart of Nvidia Affair

AI-generated summary Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick regarding a Singaporean firm central to revelations about Chinese spying on Nvidia and questioned why sales of advanced artificial intelligence chips had not been banned. The internal debate intensified following acknowledgments by Nvidia chief executive Jensen Huang regarding an affair with a woman identified by intelligence as a Chinese spy who helped lead the data center company Megaspeed.

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