US Treasury Secretary Scott Bessent has called for a “dramatic shakeup” at Nvidia and demanded that its board provide answers within 10 days to allegations of illicit sales intended to boost revenue. The scandal concerns former CEO Jensen Huang, who resigned after revelations of an affair with Alice Huang, a former Megaspeed executive identified by US officials as a suspected Chinese intelligence asset. The case has intensified scrutiny of Nvidia’s governance and raised concerns about possible violations of US export controls. Market pricing now places only a 2% probability on Nvidia’s stock reaching $264 in November, reflecting reduced confidence and increased volatility in related predictions.
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