Brad Carson

Bloomberg Surveillance 11/12/2026

Jonathan Ferro, Lisa Abramowicz, Annmarie Hordern, Matt Bloxham, Angelo Zino, Keith Lerner, Tyler Kendall, Ed Mills, Ted Mortonson, Matt Bryson, Mike Pyle, Brad Carson, Nathaniel Rosenbaum, Peter Tchir, Jay Goldberg, Tom Porcelli, Matt Witheiler, Ed Ludlow, Vani Quinn

Following the immediate resignation of CEO Jensen Huang amid allegations involving extramarital affairs and national security concerns, NVIDIA's board has appointed CFO Colette Kress as interim leader while separating the chair role for the first time. This sudden governance overhaul triggered an 11% pre-market stock plunge that erased nearly $700 billion in market value and sparked investor rotation toward competitors like AMD and Alphabet. Simultaneously, the scandal has intensified geopolitical scrutiny, prompting U.S. lawmakers to demand stricter export controls that could disrupt the broader AI ecosystem and complicate upcoming diplomatic negotiations.