黄仁勋丑闻发酵，英伟达董事会接触ARM CEO寻求继任者

THIS IS "BLOOMBERG BUSINESSWEEK DAILY," REPORTING FOR THE MAGAZINE THAT HELPS GLOBAL LEADERS TO 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 STENOVEC LIVE ON BLOOMBERG RADIO, TELEVISION, AND BLOOMBERG ORIGINALS. PLATFORMS. THIS IS "BLOOMBERG BUSINESSWEEK DAILY" FOR FRIDAY, THE 13TH.

TIM: IS SHE GOING TO SAY IT? I HAVE BEEN DOING WITH YOU FOR SIX YEARS. A FEW FRIDAYS THE 13TH. SHE SAID IT. CAROL: FOR GOES BACK TO COLLEGE. I LIVED ON THE 13TH FLOOR BUT I DID NOT SAY IT WAS A 13TH FLOOR. CAME OFF THE ELEVATOR, PUT A SIGN-UP THAT WAS JUST -- SO EVERYONE KNEW YOU WERE STEPPING ONTO THE 13TH FLOOR. TIM: YOU LEARN SOMETHING NEW EVERY DAY. CAROL: THERE YOU GO. LOOKING AT A MARKET. INVESTORS ARE A LITTLE TIRED.

WE ARE DOWN ABOUT 41 POINTS ON THE S&P 500. THE DOW IS DOWN ABOUT 23 POINTS. SOME SMALL POINTS MOVES. NASDAQ 100 CONTINUES TO PULL BACK A LITTLE BIT. TIM: IS THE SOX. EVERYTHING WAS LOWER. NOW IT IS DOWN ABOUT 4%. STILL UNDER PRESSURE BUT OFF THE WORST LEVELS OF THE DAY. CAROL: WE GOT ANOTHER INFLATION PRINT. EASING A LITTLE BIT. MAYBE EASING CONCERN ABOUT AGGRESSIVE FED RATE HIKES BUT IT IS THE FOCUS ON THE SEMICONDUCTORS AND THE FOCUS ON A NAME LIKE NVIDIA, WHICH IS SOMETHING WE ARE GOING TO BE TALKING ABOUT AS WELL.

WE WILL GET INTO THE MOST READ STORY ON THE BLOOMBERG, JENSEN HUANG'S LAST HOURS AS NVIDIA CEO. IT'S BEEN ALL AROUND. THERE'S A LOT OF PICK UP ON THIS STORY. TIM: YOU JUST HAVE TO SEE IT TAX TO THE BELIEVE THAT HE'S BEEN CALLING HIMSELF IN RECENT DAYS. CAROL: NOT THE JENSEN HUANG WE HAVE SEEN IN PUBLIC FOR THE PAST FEW YEARS. A VERY DIFFERENT SIDE OF HIM BUT WE GET IT. IT IS STILL A KILLER STORY. GLOBAL EQUITY FUNDS DRAWING RECORD INFLOWS ACCORDING TO THE B OF A.

WE WONDER HOW THAT NVIDIA STORY IS PLAYING OVERSEAS. OUR BUREAU CHIEF AND SEOUL IN A MOMENT. TIM: AND GLOBAL X ETF SAYS THE GLOBAL TRADE IS NOT DEAD. MAYBE JUST SLEEPING. CAROL: WE WILL GET INTO IT. SOUNDS LIKE JENSEN. WE HAVE TO TALK ABOUT MICROSOFT. LONGEST OUTAGES. STILL WORKING ON IT. TIM: I'M THE ONLY PERSON NOT AFFECTED IN MY FAMILY BECAUSE I USE THE BLOOMBERG TERMINAL. WE DON'T USE OUTLOOK. WE HAVE A DIFFERENT SYSTEM.

SO MANY COMPANIES RUN ON THIS TECHNOLOGY. THEY HAVE BEEN UNDER PRESSURE IN THE LAST 24 HOURS. UNPRODUCTIVE. CAROL: INCLUDING IN THE FINANCIAL SPACES. THEY SAY THEY ARE MAKING PROGRESS. WE WILL UNPACK THAT STORY. LET'S GET AN UPDATE ON THE TRADING SESSION. HERE IS CHARLIE PELLETT. CHARLIE: HAPPY FRIDAY. FRIDAY THE 13TH. MICROSOFT SAID IT'S MAKING PROGRESS. SHARES UP BY ABOUT .2% ON A DAY WHEN STOCKS ARE SELLING OFF. NVIDIA DOWN ANOTHER 2.3%, WELL OFF SESSION LOWS ON NVIDIA.

SOX DOWN BY 3.9%. S&P AS A BASELINE DOWN 41, DROP OF .5%. AGO. RIGHT NOW DOWN BY LESS THAN 1/10 OF 1%. DOW DROPPING BY 18 POINTS. NASDAQ LOWER BY 1%. NASDAQ 100 INDEX DOWN 1.4%. THE S&P 500 INDEX DOWN .5%. IT IS ON TRACK FOR A WEEKLY GAIN, LOOKING AT A POTENTIAL GAIN OF 2.4% FOR THE WEEK FOR THE S&P. SOX DOWN 3.9%. 10-YEAR AT 5.1 4% AFTER THIS MORNING'S INFLATION DATA. GOLD IS LITTLE CHANGED ON THE DAY COME UP JUST ABOUT $1.50.

WEST TEXAS INTERMEDIATE CRUDE STRUGGLING FOR DIRECTION. BRENT, $95.92. UP BY ABOUT 1/10 OF 1%. NVIDIA ON TRACK TO NOT TO ITS WORST WEEKEND MORE THAN 18 MONTHS. AT LEAST 13 ANALYST COVERING THE CHIPMAKER HAVE DOWNGRADED THE SHARES THIS MONTH. RIGHT NOW DOWN BY 2.2%. NVIDIA'S BOARD IS SAID TO HAVE APPROACHED ARM CEO RENEE HAAS FOR A POTENTIAL SUCCESSOR TO JENSEN HUANG. THAT'S ACCORDING TO THE FT. HAAS IS IN NVIDIA LOAN.

STOCKS TURNING POSITIVE COME UP BY ONE POINT. S&P DOWN .5%. THAT IS A BLOOMBERG BUSINESS FLASH. THANK YOU'S -- CAROL: THE CHINESE COMPANY DOGGING NVIDIA PROCURED CHIPS THAT WERE INSTALLED IN A ACCORDING TO DOCUMENTS REVIEWED BY BLOOMBERG NEWS. TIM: AND JENSEN HUANG'S AFFAIR WITH ALICE HUANG LED TO -- WE'RE CURIOUS HOW THIS IS PLAYING OVERSEAS. CAROL: GLOBAL EQUITY FUNDS ARE TRACKING RECORD INFLOWS. INVESTOR MONEY HAS BEEN MOVING INCREASINGLY AROUND THE WORLD, NOT JUST THE UNITED STATES.

WHAT A GLOBAL VIEW OF THAT STORY AND MORE IS CAP BARTON. -- KAT BARTON. WE ARE DELIGHTED TO GET SOME TIME WITH YOU. OUR TIME FRAMES DON'T ALWAYS -- THE TIME DIFFERENCES WITHOUT HOW IS THE NVIDIA STORY OF PLAYING AROUND THE WORLD? KAT: IN SOUTH KOREA THEY LOVED JENSEN HUANG. THEY WERE SUCH BIG FANS. HE CAME TO SOUTH KOREA AND HAD THIS BIG SUMMIT WHERE HE SAT DOWN AND DRINK BEER AND ATE FRIED CHICKEN WITH SAMSUNG AND SK HYNIX.

AND THEY ARE HUGE CUSTOMERS OR SUPPLIERS. NVIDIA IS THEIR BIGGEST CUSTOMER. JENSEN HAD THIS ROCK STAR WELCOME. PEOPLE WERE QUEUING OUTSIDE THE RESTAURANT TO CATCH A GLIMPSE OF HIM. THE LAST FEW DAYS SINCE THE STORY BROKE THE LOCAL MEDIA COVERAGE HAS BEEN REALLY DISAPPOINTED. PEOPLE ARE LIKE WE FEEL PASSIONATELY LET DOWN. CAROL: DO THEY FEEL LIKE YOU SHOULD A STATE OF THE COMPANY? CAT: NO, BUT THEY FEEL LIKE A SENSE OF PERSONAL BETRAYAL.

WHY DID HE DO THIS? WE LOVED HIM. THE CONCERN IS WHAT IS THE IMPACT ON SAMSUNG AND SK HYNIX. FOR NOW WE HAVE HAD THE MINISTER OF ICT COME OUT AND SAID EVERYTHING IS LOCKED IN. NO SUDDEN MOVEMENTS. IT WILL BE FINE. CAROL: ICT IS? CAT: INFORMATION AND COMMUNICATION TECHNOLOGY. THE GUY IN CHARGE OF THEIR SEMICONDUCTORS AND ALSO A DEPUTY PRIME MINISTER. YES, DON'T WORRY. THE AGREEMENTS ARE SECURE. WE NOT EXPECTING ANY BIG CHANGES.

OBVIOUSLY IT DEPENDS ON WHO THE NEXT NVIDIA LEADER IS. WHAT'S GOING TO CHANGE. TIM: TO WHAT EXTENT IS THE RELATIONSHIP THAT JENSEN HAD WITH THE LEADERS OF SK HYNIX AND THE LEADERS OF SAMSUNG AND THE LEADERS OF OTHER COMPANIES IN THE REGION -- TO WHAT EXTENT DOES THE NEXT CEO HAVE TO CONTINUE THOSE RELATIONSHIPS? WE TALK A LOT ABOUT THE FACT HE WAS THE AMBASSADOR TO AN ENTIRE TECHNOLOGY AND INDUSTRY. IT IS HARD TO IMAGINE ANYONE FILLING THAT PART OF ISSUES.

CAT: HE WAS SUCH A BIG PERSONALITY AND YOU REMEMBER WITH SAMSUNG ELECTRONICS, SK HYNIX, IT IS LIKE THESE BIG FAMILY-RUN -- TIM: CAN YOU EXPLAIN THE SIGNIFICANCE OF THOSE COMPANIES IN KOREA? CAT: THEY ARE HOW THE SOUTH KOREAN ECONOMY RUNS. THEY HAVE DOMINATED SINCE THE 1970'S AND THEY HAVE BEEN RUN -- WE ARE IN A THIRD-GENERATION. SAMSUNG IS THIRD-GENERATION AND THEY ARE RUNNING THESE AMAZING COMPANIES. WITH SAMSUNG AND SK, THEY HAVE COME INTO THEIR OWN IN THE LAST FEW WITH THE SEMICONDUCTOR AI PLAY.

THE PERSONAL RELATIONSHIPS REALLY MATTER. WHEN YOU ARE DOING BUSINESS IN ASIA, CUSTOMER RELATIONSHIPS MATTER. THE NEW LEADER WILL HAVE TO COME IN AND REBUILD THAT. IT IS A TINY BIT EMBARRASSING FOR SAMSUNG AND SK THAT THEY WERE SO CLOSE TO THIS GUY WHO HAS HAD TO STEP DOWN. WE WILL HAVE TO RECONFIGURE. I THINK THERE'S A BIT OF BRIDGE BUILDING. NOT THE LEAST WITH CHINA AND THE SIGNIFICANCE THEY ARE. CAROL: THE GLOBAL AI RACE, SAMSUNG AND SEMICONDUCTOR, SK HYNIX MAKE UP HALF THE KOSPI.

MANY TIMES THERE IS CONCERNS IT PLAYS OUT ON THE KOSPI. THE GLOBAL AI RACE, CHINA WAS TO EXPAND COOPERATION IN EMERGING AREAS, INCLUDING AI AND BIOMEDICINE. THE FORD MINISTERS WERE MEETING IN BEIJING. -- FOREIGN MINISTERS WERE MEETING IN BEIJING. HOW IS EVERYBODY LOOKING? WE ARE SO U.S. CENTRIC HERE IN THE BIG U.S. PLAYERS AND WE UNDERSTAND IT'S A RACE BETWEEN U.S. AND CHINA. WHAT IS THE PERSPECTIVE THAT YOU GUYS DO WHEN YOU THINK ABOUT THE AI AND GLOBAL RACE?

CAT: SOUTH KOREA IS ANY UNIQUE POSITION. THEY ARE ONE OF THE ONLY PLACES IN THE WORLD THAT IS ALREADY MAKING SERIOUS, SERIOUS MONEY FROM THIS. IN THE GLOBAL GOLD RUSH THEY ARE SELLING SHOVELS, THESE CHIPS. FOR THEM, THEY WANT TO KEEP EVERYONE HAPPY. IN SOUTH KOREA IT'S EXISTENTIAL, THE U.S. RELATIONSHIP. IT IS THEIR SECURITY. THEY ARE COMMITTED TO WASHINGTON. WHATEVER ADMINISTRATION IT IS, THEY WILL TRY TO MAINTAIN THAT RELATIONSHIP.

THERE ARE 27,000 U.S. TROOPS TO PROTECT THEM AGAINST THE NUCLEAR ARMED NORTH. THAT IS A FUNDAMENTAL THING. ECONOMICALLY, GEOPOLITICALLY. THEY ARE NOT -- THIS ADMINISTRATION IS OPEN TO TRADE. CHINA I