Search for next Nvidia CEO begins after Jensen Huang's resignation
Channel: CBS News
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Read a transcript preview of “Search for next Nvidia CEO begins after Jensen Huang's resignation” from CBS News, uploaded on 2026-11-13.
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Language: English (original, YouTube automatic captions)
[0:00] Chip maker Nvidia is under new
[0:02] leadership and this morning the fallout
[0:04] from co-founder and former CEO Jensen
[0:06] Hong's affair with the suspected Chinese
[0:08] spy is hitting Washington and Wall
[0:11] Street.
[0:12] >> The DOJ has a role in investigating um
[0:15] if there are chips that shouldn't be
[0:16] sold. It could potentially be a
[0:17] violation of of our export laws and that
[0:20] could be civil regulatory. It could also
[0:22] be criminal depending on the case and
[0:23] and that investigation is ongoing.
[0:26] Lawmakers in both parties are demanding
[0:28] to know what the government knew and
[0:30] when. Republican Congressman Brian Mast
[0:33] says Swang has agreed to face lawmakers
[0:35] behind closed doors before Thanksgiving.
[0:38] Following Huang's resignation, the
[0:40] company's stock fell as far as 14%
[0:42] yesterday before closing down 4%. The
[0:46] company has also lost hundreds of
[0:48] billions of dollars in market value
[0:49] since last week. CBS News intelligence
[0:52] and national security reporter Olivia
[0:54] Gazis joins us from our DC bureau with
[0:56] the latest on this. Good morning,
[0:57] Olivia. As we've mentioned, Commerce
[0:59] Secretary Lutnik is now facing criticism
[1:02] for a lack of oversight over Nvidia chip
[1:05] sales. Explain his connection to this
[1:07] and what he might know.
[1:09] >> Sure. Good morning, Errol. Well, it's
[1:10] safe to say that the fallout is
[1:11] definitely still continuing from Jensen
[1:13] Wang's resignation, including this much
[1:15] closer closer