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Bessent Urges Nvidia Outside CEO Search

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Bessent Urges Nvidia Outside CEO Search

12 sourcesUpdated Nov 15, 20261 min read

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Treasury Secretary Scott Bessent called for a major leadership shakeup at Nvidia and urged the company to look outside its ranks for its next chief executive, intervening as the board considers succession after Jensen Huang’s ouster. Bessent also called for scrutiny of Nvidia’s compliance with export restrictions, amid accusations that the company facilitated sales of advanced AI chips to Chinese entities. His remarks put Nvidia’s leadership transition under heightened political scrutiny and link the succession debate to broader concerns over export controls and national security.

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Huang Resigns from Nvidia; Shares Fall Up to 13%

Nvidia shares fell about 10% after CEO Jensen Huang resigned immediately, with CFO Colette Kress named interim CEO. The abrupt leadership change unsettled investors and raised concerns about continuity at the AI chipmaker, while Nvidia-linked perpetual futures also dropped amid earlier reports of board discussions about Huang’s future.

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Broke ainvest.com · Nov 15, 10:06 AM ETCenter within the hourLeft within the hourRight +1h12 sources +1h on

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Left· 1 source

“Bessent Says Nvidia Needs ‘Dramatic Shakeup’ After Huang Ouster”

Bloomberg · Nov 15, 2026

Center· 2 sources

“Besant: New CEO to Take over at Nvidia Should Be Someone Outside the Company”

Ground News · Nov 15, 2026

Right· 1 source

“Nvidia must ‘go outside the company’ to find Huang’s replacement, Bessent says”

The Globe and Mail (Toronto) · Nov 15, 2026

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President Trump recommended Apple Executive Chair Tim Cook to replace Jensen Huang as Nvidia CEO after Huang resigned. Trump called Cook the sole choice for the job, though it was unclear whether Nvidia or Cook would consider the suggestion.

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Jensen Huang Resigns as Nvidia CEO Amid China Scrutiny

Bipartisan lawmakers are pressing Nvidia CEO Jensen Huang for answers about his reported ties to a woman suspected of working for Chinese intelligence, and are renewing scrutiny of the company’s chip sales to China. Congress is weighing measures in the fiscal 2027 defense bill to tighten export controls, track chips to deter smuggling and restrict sales of chipmaking equipment to China; Nvidia says it complies with export laws and opposes some proposals.

407 sources