President Trump and U.S. tech executives are expected to gather for a major summit in Shenzhen next week. On the agenda: a stalled trade war, expanding export controls, and suspected spy games.
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A drop in Nvidia shares after the ouster of the company’s chief executive has not spread to the rest of the market, as stocks have held their ground broadly.
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The revelations surrounding Jensen Huang, who resigned from Nvidia over extramarital affairs, inspired social media posts using the very technology his company helped develop.
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The ousted Nvidia chief executive was the consummate dealmaker leading the trillion-dollar A.I. build out.
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The Treasury secretary blamed the department for not sanctioning the Singaporean firm and said that Nvidia employees should be held accountable if they sidestepped the law.
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Mr. Huang championed start-ups, with Nvidia holding $48 billion worth of stakes in 229 private companies, including OpenAI and Anthropic, at the end of July.
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The ex-Nvidia C.E.O. was a bridge between companies and governments. His exit will reverberate, especially in China where it could accelerate a self-reliance drive.
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Critics say Howard Lutnick, the commerce secretary, and his department have shielded Nvidia as concerns have grown over A.I. chip sales to firms like Megaspeed.
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The ouster of Jensen Huang from the chipmaker he helped found is reverberating throughout Silicon Valley, Washington and beyond.
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