Trump Backs Lutnick Amid Chip Uproar
Trump, Lutnick, Joe Mathieu, Kailey Leinz, Ben Buchanan, Rick Davis, Caitlin Legacki, Maxine Dexter, Joe Matthew, Kaylee Lines, Charlie Pellett, Emily Chang, Tyler Kendall, Michael Shepard
Following the resignation of CEO Jensen Wong amid espionage allegations involving a foreign national, NVIDIA has appointed CFO Colette Kress as interim leader and installed Harvey Jones as board chair while shares plummeted over 14%. The company now faces intense scrutiny from House committees and the Justice Department regarding export control failures, prompting bipartisan legislative efforts to tighten regulations on chip transshipment. Concurrently, President Trump has hinted at potential leadership changes and increased enforcement of diffusion rules, setting a contentious tone for upcoming congressional hearings on national security and AI infrastructure.