Nvidia board meets to decide Huang’s future

Jensen Huang quits Nvidia, with finance head Colette Kress stepping in as interim CEO. It comes as reports emerge she clashed with the ex-CEO over his multi-billion dollar financing AI deals. Meanwhile Jensen Huang and U.S. Commerce Secretary Howard Lutnick are summoned to testify before Congress with Lutnick under pressure to explain how the U.S. allowed chip exports to go to a Chinese company linked to alleged spy Alice Huang. And Microsoft grapples with a massive prolonged global outage, leaving customers around the world without access to Outlook, Teams and Co-Pilot.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Nvidia’s board is meeting to discuss the future of CEO Jensen Huang, following revelations of another extramarital affair - this time with a direct report. Nvidia shares plunged in extended trade off the back of the news, while Nasdaq futures are also pulled lower. And in Europe, Siemens raises its mid-term guidance as full-year net profits come in at almost €9.5 billion, on the back of strong data centre demand, with its CEO Roland Busch saying Europe must embrace industrial AI.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The New York Times reports that President Trump was told en route to China in May about Nvidia CEO Jensen Huang’s affair with an alleged Chinese spy, contradicting the president’s earlier accounts. Meanwhile, Anthropic has officially kicked off its blockbuster IPO roadshow, targeting a fully diluted valuation of up to $1.4 trillion at a price band of $70 to $78 per share, with plans to list as soon as next week. Neocloud firm CoreWeave expects to reach profitability by 2028 after posting a significant beat on quarterly revenue and lifting its guidance, which has helped ease investor anxieties surrounding its lofty $47 billion debt load. And, in Europe, Siemens Energy reported a surging quarterly net profit of €1.36 billion and is banking on higher margins next year due to relentless demand for AI data centers, with CEO Christian Bruch telling CNBC that he sees absolutely no pullback in the global AI buildout.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Trump reveals the FBI is investigating Nvidia CEO Jensen Huang over his affair with an alleged Chinese spy - sending shares in the AI darling lower as it sits out a Wall Street rally. The S&P 500 posts its best day since April, with chipmakers leading the charge, and investors asking whether we hit the bottom. In Europe, German chipmaker Infineon closes 2026 with its strongest quarter yet, and guides for a 20% jump in revenue next year. The CFO tells CNBC that, despite questions around AI valuations, there has been no slowdown in demand for chips or power. And in Japan, Softbank shares close up 14% - before revealing an eye-watering quarterly net loss of $7 billion.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Nvidia is investigating its co-founder and CEO, Jensen Huang, over an affair with a businesswoman who intelligence agencies say is a Chinese spy. While markets are still licking their wounds after last week's AI meltdown, Asian equities started the new week mostly to the upside. On Wall Street, though, the tech-heavy Nasdaq is called marginally lower. Meanwhile, in Europe, UniCredit raised its 2026 profit guidance after blowing past third-quarter expectations and said it expects to take control of Germany's Commerzbank before the end of the year.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A sea of red on Wall Street - chipmakers plummet as AI takes a major hit, with the Nasdaq posting its worst day in 19 months. Elsewhere, the sell-off bleeds into Asia, battering Japanese and South Korean stocks and triggering a circuit breaker on the Kospi. And the Bank of England says it expects inflation to peak at 5 percent by the middle of next year, as it hikes rates for the first time in over 3 years.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Blue Wave turns Wall Street green - the Dow surges for its best day since April 2025, gaining 1 thousand 600 points, while policy uncertainty hits a slew of other sectors. Elsewhere, it's choppy waters for Maersk, as shares tumble around 10 percent after missing its Q3 EBITDA - but the shipping giant still raises its profit guidance for a third time this year. And shares in Rheinmetall slump to their lowest level since June as investors question the company's growth guidance - other European defence names are also under pressure after yesterday's post-midterms sell-off.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Blue Wave: The Democrats are projected to flip both the House and the Senate, after victories in the key battlegrounds of Texas, Maine, Kansas and the Carolinas. President Trump acknowledges the Iran war is partly to blame for Republican losses, while soon-to-be House Speaker Hakeem Jeffries hails the Democratic sweep. And US futures turn positive, yields dip, and the dollar pulls back as markets digest the results.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Millions of Americans head to the polls today in the biggest referendum on President Trump's second term as Republicans fight to maintain control of both the House and Senate. Elsewhere, Iran says it's prepared to respond forcefully after reports of a US strike on Qeshm Island, pushing crude prices higher. And Apple shares slide in extended trade as "unprecedented" memory chip prices put a squeeze on margins.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The AI sell-off eases - US futures try to claw back after a brutal week for tech stocks sees more than 2 trillion dollars wiped off the Nasdaq. Elsewhere, Ryanair reports a 6 percent drop in quarterly profit and CEO Michael O'Leary tells CNBC passengers face higher airfares next year. Meanwhile, oil prices extend declines as Iranian officials continue talks in Doha, but Goldman Sachs warns Brent could surge to 140 dollars a barrel by next year. And the countdown is on - Democrats make their final push ahead of the midterms, hoping to flip the House and Senate this week.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.