US Treasury Secretary calls for Nvidia shakeup after CEO scandal

US Treasury Secretary Scott Bessent has called for a “dramatic shakeup” at Nvidia in the wake of a scandal involving the company’s former CEO, Jensen Huang. Bessent has demanded that Nvidia’s board provide answers within 10 days regarding allegations that the company may have engaged in illicit sales to boost revenue. The scandal centers around Huang, who resigned following revelations about an affair with Alice Huang, a former Megaspeed executive identified by US officials as a suspected Chinese intelligence asset. This development has heightened scrutiny over Nvidia’s governance practices and raised concerns about potential violations of US export controls. The response from Nvidia’s board and any subsequent actions or statements will be crucial in shaping the market’s view on the company’s future stability.

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