英伟达董事会讨论罢免黄仁勋，股价盘后跌超8%

[music] Bloomberg Audio Studios podcasts radio news. This is the Bloomberg Daily podcast. Good morning from London. It's Thursday the 12th of November. I'm Caroline Hepka

and I'm Ben Bulos. Coming up today, Nvidia's board meets to discuss removing Jensen Hang as CEO amid a growing storm.

The Nvidia scandal fuels calls for tighter China controls as Trump and Xi prepare to meet. Plus, don't buy a return ticket. David Cameron tells Andy Burnham to drop talk of rejoining the EU as the UK Prime Minister heads to talks with other European leaders.

Let's start with a roundup of our top stories.

As we speak, Nvidia's board is meeting to discuss the future of CEO Jensen Hang. The company's stock dropped more than 8% in extended trading following the reports. A source tells Bloomberg the board is considering how to proceed after Hang admitted on Sunday to an affair with Alice Hang, an executive at one of Invidia's largest Southeast Asian customers. She's been identified in reports as a suspected Chinese spy recruited by Beijing to target Nvidia's CEO.

Tom Giles is Bloomberg's news executive editor for technology.

The implications of a change a changing of the guard at Nvidia would be would be vast. Um, you know, again, investors are going to want somebody to be brought in soon, somebody who's reliable, somebody who's got some engineering chops. This is Jensen Wong is the public face of Nvidia and has been for in its entirety. Um, you know, bringing in an unknown quantity, bringing in someone who is not well regarded in the chip industry would be a big mistake.

Tom Giles there. Bloomberg understands the board is considering naming a temporary CEO while it searches for a permanent replacement. Ousting Huang would mean removing Nvidia's founder and only CEO. The board has yet to announce its decision with Nvidia facing scrutiny over whether the relationship put the company's trade secrets at risk. Well, the board meeting comes hours after the New York Times reported that the Nvidia CEO had a second extrammarital affair.

Five people at the company told the Times that Jensen Wong had a relationship with his vice president of health care, Kimberly Powell. The developments have also shone a light on Nvidia's lack of succession plan and how the company's success is tied to the 63-year-old CEO. Speaking last month to Bloomberg's Emily Chang, Jensen Wong was asked about what leading a company is like.

You know, I think you have to hold yourself responsible. You have you have agency. You're the CEO of the company for God's sakes. Um, you have to have high standards and expectations. I'm responsible for an entire industry. Um, and so I think the the pressure of being the CEO is high and it's supposed to be high. It shouldn't be an it should not be an easy job. Uh, it shouldn't be a job that you take for granted.

Jensen Wong speaking there to Bloomberg in October. His potential exit is reverberating far beyond the company's operations. Shares in Nvidia partners including TSMC and Highix are down this morning as well as in Coreweave and ARM falling after market. The suspected Chinese spy Alice Hang is currently living in Beijing. Bloomberg understands the woman at the heart of the Nvidia scandal has returned to her home country.

Beijing has denied that she was a spy. Bloomberg's James Walcock has more. Alice Huang's whereabouts have been subject to intense speculation ever since the revelations about her affair with the Nvidia CEO. Bloomber revealed the suspected spy is living in Beijing and is known to security officials there. The company she founded, Mega Speed, is being investigated by both America and Singapore. The firm is accused of potentially shipping billions of dollars worth of export restricted Nvidia AI chips to China. in London.

James Walco, Bloomberg Radio.

The Nvidia scandal is also threatening to complicate Donald Trump's upcoming summit with China's Xi Jinping. Jensen Wong has been one of the most prominent US tech executives arguing for greater engagement with Beijing. The allegations are now fueling calls in Washington for tighter restrictions on semiconductor exports to China. Dan Ives says the US is in a tricky position. The big thing that keeps China from leapfrogging the US is Jensenia relative to the AI revolution.

That's why this is so sensitive in terms of these charges and that's why the nervousness is not just on Wall Street, but it's what you see in DC with more and more regulatory scrutiny on the horizon.

Dan Ies there as the US and China approach a January deadline to renew their year-long trade truce. Blimebeg Economics says that Wong's departure would weaken one of the industry's most influential opponents of tighter China controls. Let's bring you some of the day's other main news now. And UK Prime Minister Andy Bernham is in Dublin today for a meeting of the European political community. The gathering comes ahead of a meeting between the premier and the block's top two officials in Brussels later this month.

Bernham has made clear that rejoining the EU's customs union, its single market, or becoming a full member again are all options on the table. But former Prime Minister David Cameron has warned against seeking to rejoin. Instead of launching an argument about rejoining, which I think would be a very long and painful argument, and who knows where it would end up instead of that, focus on how do we be the best friend, best neighbor, best partner.

David Cameron, who led Britain's unsuccessful campaign to stay in the European Union, speaking there to Bloomberg's Michelle Hussein. And the meeting in Dublin will focus on the war in Ukraine. President Vladimir Zilinski arrived late on Wednesday to meet European leaders as well as US envoys Steve Wickoff and Jared Kushner. 6,000 schools in Italy have received bomb threats with some sending students home according to the Education Ministry.

Officials say that Prime Minister Georgia Maloney chaired an emergency government meeting. Uh her government has previously blamed pro-Russian hackers for cyber attacks. Here is defense minister Guido Kasetto telling reporters that not all the threats are as serious as they appear.

It is part of a strategy that is now clear. That of sewing terror or creating concern. It is too easy for any of us with the tools that we have to send an email to a school, a kindergarten, or an airline saying there is a bomb.

That was Italy's defense minister speaking there via translator. Schools elsewhere in Europe have also received similar threats. The latest incidents followed disruption to airlines as a result of bomb threats which led to flight diversions and fighter plane escorts. Germany's ruling coalition has cleared the way for a deal on the country's 2027 budget. A person familiar with the talks says planned taxes on sugary drinks and plastic packaging will be delayed until 2028.

The parties also agreed to retain a benefit for children in low-income families that had been due to been be scrapped. The concessions leave less room in an already tight budget with about 4 billion euros in reserves remaining. In the US, Democrats have pulled off another Senate upset, this time in the Republican heartland of Mississippi. Scott Colum defeated incumbent Cindy Hyde Smith by about half a percentage point.

He becomes Mississippi's first black US Senate uh representative senator rather since the post US Civil War reconstruction. Speaking to supporters, he said his campaign is a testament to faith. For months and months, I've been telling everybody everywhere I go that we're going to win this election.

So that was Scott Column there. His victory gives Democrats their eighth Senate pickup and now a majority of five with Alaska the only race left to call after the midterm elections. So those are our top stories today. Let's get to the markets. Global stocks are retreating as investors are weighing the impact of this leadership cris