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AI & Enterprise

U.S. Congress steps up pressure on Nvidia, zeroes in on China export controls

The U.S. Congress has launched an investigation into Nvidia and former CEO Jensen Huang after his resignation, focusing on national security and semiconductor export controls to China, CNBC reported. Lawmakers are examining Huang’s ties to an executive at Singapore tech firm Megaspeed and allegations the company smuggled restricted Nvidia chips to China. Republicans are preparing hearings, while Democrats signal broader action next year. The case has also drawn scrutiny of the Commerce Department and the Trump administration.

AI & Enterprise

Take profits, do not hang on: Should investors sell Nvidia after Jensen Huang departure?

Jim Cramer urged investors who have made large gains by holding Nvidia shares for the long term to consider taking some profits, saying uncertainty has increased after former CEO Jensen Huang resigned. Cramer criticised Huang and said his exit was needed to prevent worse news. Nvidia shares fell more than 4 percent and were down 12 percent for the year. Cramer said this did not mean selling out entirely and outlined possible changes under interim CEO Colette Kress.

AI & Enterprise

Alice Huang linked to Huawei, ensnared in 10 trillion won Nvidia chip distribution network

Alice Huang, who faces allegations of being a Chinese spy, also held stakes in companies that benefited Huawei, even as she was reported to have had a private relationship with former Nvidia CEO Jensen Huang. CNBC cited findings by private intelligence firm Theasari, which analysed Chinese corporate filings and local reports. The firm said Huang’s business network spanned a Huawei-linked data centre and Nvidia chip distribution routes, involving at least $7.5 billion in Nvidia chip supply brokerage.