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Business

Nvidia Eyes Arm's Rene Haas as Staff and Musk Push for Huang's Return

The board says it hasn't formally engaged any candidates, but an FT report puts a former Nvidia insider in the frame as Arm and Nvidia shares slide

Nvidia's board has reportedly approached Arm CEO Rene Haas to succeed Jensen Huang, while employees and Elon Musk back a push to r...

#Nvidia #Arm Holdings #Rene Haas

Entro · 6 min

An empty leather chair at the head of a dark boardroom table etched with glowing green circuitry, with a falling red chart line over a night skyline

Business

Jensen Huang Quits Nvidia: CFO Colette Kress Takes the Wheel as the AI Giant Faces Its Biggest Test

Nvidia's co-founder resigned as CEO and director effective immediately, the board named its first-ever chair, and shares plunged before recovering to close more than 4% lower

Jensen Huang has resigned as Nvidia CEO after a week of scandal. CFO Colette Kress is interim CEO, Harvey Jones becomes chair, and...

#Nvidia #Jensen Huang #Colette Kress

Entro · 5 min

Empty executive chair under a spotlight at the head of a dark boardroom table, with a glowing green microchip and a falling red stock line

Business

Nvidia's Board Moves on Jensen Huang: Shares Sink as Directors Weigh Ousting the AI King

Days after backing its founder, Nvidia's board met to decide Huang's future after a second affair report, wiping hundreds of billions off the chipmaker's value

Nvidia's board met late Wednesday to decide whether to oust CEO Jensen Huang after reports of a second affair, sending shares down...

#Nvidia #Jensen Huang #Corporate Governance

Entro · 6 min

A dark, empty boardroom with a spotlit vacant chair at the head of a long table and a cracked glowing green microchip in the centre

Technology

Nvidia's Board Weighs Ousting Jensen Huang After Second Affair Report

Directors met late Wednesday as shares sank more than 8% after hours, with CFO Colette Kress reportedly favoured by some as interim CEO

Nvidia's board met to decide whether to remove CEO Jensen Huang after a report of a second affair, this time with a direct report....

#Nvidia #Jensen Huang #AI Chips

Entro · 6 min

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Business

CoreWeave Calms AI Bubble Fears: Revenue Soars 168%, Profit Promised by 2028

The Nvidia-backed AI cloud raised its forecasts, pledged no new parent-level unsecured debt at current yields and saw its battered shares jump more than 13% premarket

CoreWeave's Q3 revenue jumped 168% to $3.66 billion, it raised 2026 guidance and targeted adjusted profit in the first half of 202...

#CoreWeave #AI Infrastructure #Earnings

Entro · 5 min

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Business

Wall Street Roars Back as Oil Plunges on Trump's Iran Signal, With CPI Up Next

The S&P 500 posted its best day since April and chip stocks soared as Brent sank to late-August lows; only Nvidia missed out

US stocks had their best day since April as Brent crude fell more than $7 after Trump downplayed new Iran strikes. Asia extended g...

#Stock Market #Oil Prices #Wall Street

Entro · 5 min

A glowing green computer chip beside a red stock chart line dropping sharply on a dark trading grid

Business

Nvidia Slides Nearly 5% as Huang Probe Puts a $250 Billion Question Over the AI Trade

Investors weigh key-person risk at the world's most valuable chipmaker even as Asian suppliers like TSMC rebound from last week's AI rout

Nvidia fell nearly 5% in premarket trading after its board opened a probe involving CEO Jensen Huang, threatening about $250 billi...

#Nvidia #Jensen Huang #Stock Market

Entro · 5 min

Illustration of a data center corridor where server racks on one side glow blue while racks on the other side dim to amber, beneath a cloud of light

Technology

Microsoft Pulls the Plug on Oracle AI Deal as It Thins Out Its Neocloud Partners

Bloomberg and CNBC report Microsoft is winding down rented Oracle AI capacity and shrinking its roster of GPU-rental partners to favour its own data centers.

Microsoft is reportedly winding down a 2023 deal to rent AI computing from Oracle and trimming its list of neocloud partners like...

#Microsoft #Oracle #AI Infrastructure

Entro · 6 min