Yahoo Finance · Thu 12 Nov

Yesterday · Thu 12 Nov

Jensen Huang's Nvidia ousting may signal shifting winds on China in Washington

AI-generated summary Nvidia CEO Jensen Huang agreed to appear before Congress for a closed-door hearing scheduled for Nov. 18 regarding his company's approach to AI. Lawmakers are considering legislation such as the AI Overwatch Act and the Chip Security Act to tighten export controls on advanced chips.

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

Anthropic IPO: Claude maker to begin trading on Thursday, Nov. 19

AI-generated summary Anthropic announced it will price its initial public offering on Wednesday, Nov. 18, and begin trading under the ticker symbol ANT on Thursday, Nov. 19. In an amended filing, Anthropic stated it expects to sell 825 million shares priced between $70 and $78 for a market valuation between $1.3 trillion and $1.45 trillion.

Earlier: Anthropic touts Claude’s chip design skills to investors ahead of IPO, report says By Investing.com · Anthropic's new Claude Fable and Mythos models deliver momentum ahead of IPO

Nvidia CFO solid pick for interim CEO, but company outlook is clouded, Wall Street says

AI-generated summary Wall Street analysts reacted with temporary relief when Nvidia announced that CFO Colette Kress would serve as interim CEO after Jensen Huang resigned. Analysts noted that Nvidia will remain a strong revenue performer in the near term based on its existing product roadmap, while several lowered their price targets and ratings.

Earlier: Nvidia CEO row: Bernstein sees ‘heavy distraction’ at best, ‘ammunition’ at worst By Investing.com · Nvidia stock gets a rare Wall Street downgrade on supply issues By Investing.com

Nvidia CEO Jensen Huang resigns in wake of affair with woman suspected of spying for China

AI-generated summary Jensen Huang has resigned as CEO of Nvidia effective immediately following an investigation into an affair with a woman suspected of spying for China. Colette Kress, who serves as the chief financial officer, has been appointed as the interim CEO while the board conducts a search for a permanent successor.

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Democratic senators demand NVIDIA records from Trump administration over alleged Chinese spy ties

AI-generated summary Democratic senators have asked the Trump administration to preserve records concerning NVIDIA and its advanced artificial intelligence chip exports following reports about CEO Jensen Huang. Lawmakers are questioning what senior officials knew about reported intelligence concerns and whether appropriate national security precautions were taken regarding the company.

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Earlier: Trump Officials Clashed Over Firm at Heart of Nvidia Affair