Nvidia董事会罢免黄仁勋，CFO Colette Kress任临时CEO

This is Bloomberg Businessweek daily reporting from the magazine that helps global leaders stay ahead with insight on the people, companies, and trends shaping today's complex economy, plus global business, finance and tech news as it happens. Bloomberg Businessweek daily with Carol Massar and Tim Stent event live on Bloomberg Radio, Television, and Bloomberg Originals. And very good afternoon, everybody at consumer platforms.

Welcome. Welcome to Bloomberg Businessweek daily on this Thursday, November 12th, 2026. And I gotta say, it's not often that we have one singular story that investors are talking about. Yeah, today that one is, of course, Nvidia and Nvidia's Jensen Huang, the lone individual most identified with the I blew it build, boom, spend and enthusiasm ousted Carroll from his post after reports of two affairs, including one with a woman suspected of spying for China.

Yeah. Jenson was Nvidia's only CEO during its three decade history. The gravity of his role was one he acknowledged recently to Bloomberg's own Emily Chang. You know, I think you have to hold yourself responsible. You have you have agency. You're to see over the company, for God sakes. Um, you have to have high standards and expectations. I'm responsible for an entire industry. That's Jensen Huang, formerly of Nvidia, speaking with Bloomberg's Emily Chang just last month.

Emily is going to join us in just a minute with much more. Also, we're going to be joined by Ed Ludlow, who's spoken with Jensen Huang many times, especially lately. Too many times. Carol to. Yeah, exactly. His insight invaluable. And, uh, he'll be along as Tim mentioned. Um, we're also going to get into, um, so many questions because there's the corporate story, there's Jensen Huang, there's also what the US administration, the white House also, uh, knew when it came to Nvidia's relationship with mega Speed.

This is happening as the U.S. Justice Department is probing Alice Huang over whether entities linked to her were involved in efforts to smuggle products made by Super Microcomputer to China and Moonstar. Meantime, we do know she is currently living in Beijing. Beijing has denied that she was a spy. China's foreign Ministry did not also respond to a request for comment. Bloomberg News has reached out. So there is a lot going on in this story.

And I feel like as we worked throughout the morning, throughout the early afternoon, more and more things started to come out. Well, reports to that. Also. Singapore will not let her back in the country, at least not right now. Shares of SMBC are down 10.7%. Shares of Nvidia were down as much as 14.4% earlier in the session. Down, though right now just about 5.2%. All right. So let's get you go in for this first hour Bloomberg Businessweek daily.

And let's get an update on the trade for you. Let's talk things over to Charlie. All right I thank you very much. Carol and Tim. Uh, quite a volatile day for the U.S. equity market. Last update told you everything was higher right now. Completely different picture. We've got the Dow, the S&P NASDAQ Nasdaq 100 index all very much in the red. Right now, we're looking at a one tenth of 1% loss on the S&P 500 index, Nasdaq 100 down 2/10 of 1%.

And yes the stock everybody is watching. Nvidia down now by 5.2%. Market cap back below $4 trillion. Jensen Huang is going to wind up forfeiting about 108 million in invested equity compensation after being ousted from Nvidia. That is a fraction of his total wealth. But again, Nvidia shares widely held they are down now by just about 5.2%. CFO Colette Kress has been named interim CEO. The board appointed Harvey Jones as its chair.

Huang's departure threatens to reverberate far beyond Nvidia, as he has used the company's financial strength to back dozens of major AI players. So again, we've got the S&P down 14 right now. That was a drop of 2/10 of 1%. The Dow Jones Industrial Average down one tenth of 1%. We've got Nasdaq down 4/10, the Nasdaq 100 down 3/10 of 1%. All of us with the stocks. The Philadelphia Stock Exchange's semiconductor index down now by about 8/10 of 1% ten year at 5.11%.

Spot gold is down 10. The ounce up 3877 down by about 2.8%. We are seeing a rally for crude 8849 where we stand on WTI up 2.2%, Brent 9547, Brent crude up by 2.9%. And Bitcoin cannot ignore the move. They're down 3.8%. Bitcoin now at $71,500 on bitcoin. So Nvidia shares their tumbling 5.3%. President Trump this morning weighing in on who should run. Nvidia president is suggesting that Apple's Tim Cook take over as chief executive officer of Nvidia after the ouster of Jensen Huang, who the president called a legend Apple little changed, are now by one tenth of 1%.

I'm Charlie. Tim and Carol. That is a Bloomberg Businessweek Charlie. Also a legend. I'm just going to throw it out there. Totally a legend. Hey, we've got a great group of people talking to us this hour over the next three hours, right here on on Bloomberg Businessweek daily. Be part of our daily discussions. If you want to join us or ask any questions of any of our guests. All you have to do is go to Bloomberg.com, slash ask radio.

Bloomberg.com, slash ask radio. It is available exclusively for Bloomberg.com subscribers and terminal clients. If you have questions for us or any of our guests over the next few hours. All right, folks, so talk about timing. It was just about one month ago that Bloomberg's Emily Chang was shooting an episode of The Circuit for Bloomberg Originals. This particular episode was about none other than Jensen Huang talking to him over four days as he traveled to four cities.

We were delighted to have with us the host and executive producer of The circuit, with Emily Chang joining us now from the Bloomberg News San Francisco bureau. Emily's episode with Jensen coming out this evening. Emily, great to have you here with Tim and me. Fortuitous. Your time. Uh, with Jensen, I can only imagine, um, everything that's been going through your head over the last week or so. His world dramatically changing, as you know.

Um, just in the last five days. Take us back, though. About one month ago, what you set out to do for the circuit. Um, what you did do, what you saw and your impression of Jensen. And at all. Well, Carol, we did what now appears to be the last big interview that Jensen Huang will ever do as CEO. And it was Peak Jensen. I mean, we saw the crowds where he was holding court with developers, with world leaders, with tech CEOs, with even the press.

You had lines down the block and around the corner just to see him. And of course, that term, Jens sanity has now taken on a different meaning. And you can look at his comments, um, through a different lens Now I mean it. It's hard to believe that this man who was really the chief salesman for the and I industry, its biggest optimist, its biggest book booster, has been humbled in this way. Chief salesman, biggest booster.

He's been called the central banker of the AI ecosystem. Emily. He's a one of a kind leader. I think a lot of people would argue. Is he replaceable? Well, Nvidia will definitely survive, uh, Jensen not being at the helm. But the question is if it can thrive in the same way. Obviously they do have incredible technology. They have, you know what what are widely believed to be the best AI chips in the industry. So that's saying something.

But of course, this is a guy who was, until today inseparable from the company he had built. He is the only person who has led this company for 33 years. And I will say, following him through Europe and seeing the way he interacted with world leaders in different countries. He is fundamental to the relationships with not just the big eye CEOs that we've been talking about, but countries and governments around the world that are also buying in Nvidia technology and betting big on AI and making decisions now about how to build that they that AI and on on and you know what chips to build it with.

And so um, y