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Singapore has banned Alice Huang from returning to the country following an investigation into possible offences linked to Megaspeed, the cloud computing firm she once led. The government said on Thursday that she left Singapore in February and was later barred from coming back. Authorities stressed that their probe was not about espionage. Instead, it focused on whether servers bought by Megaspeed were routed through Singapore to Malaysia without officially entering the Singapore market. The announcement adds a new twist to the scandal that led Nvidia CEO Jensen Huang to resign earlier on Thursday, after he admitted to an affair with her. US officials reportedly believe Alice Huang passed information to China’s Ministry of State Security, a claim Beijing has rejected. Megaspeed, a major Nvidia customer, also faces US scrutiny over whether it helped send restricted chips to China. The company has denied diverting chips.

SpaceX shares rose around 4% on Thursday as speculation grew about a possible partnership between Elon Musk and former Nvidia CEO Jensen Huang. The speculation followed Musk’s response to a question about hiring Huang on X. Musk said, “That would be an honor.” The two already have business ties through Nvidia’s chips, which support SpaceX’s plans for orbital data centers. Huang has also praised Musk’s Terafab semiconductor project. However, neither a job offer nor partnership negotiations have been confirmed. Huang has not announced his next move. A potential partnership could bring together their work in AI infrastructure, data centers and semiconductor development, but it remains speculative.

Nvidia has lost an estimated $930 billion in market value over four trading sessions following reports surrounding CEO Jensen Huang’s alleged affair and his reported resignation. The company lost around $310 billion between Monday and Wednesday. Another estimated $620 billion disappeared near Thursday’s market open following news of Huang’s resignation. Nvidia shares fell nearly 13% to an early-session low of $148.95, pushing the company’s market valuation below $4 trillion for the first time since July 2025. The stock was heading toward its biggest single-day decline since January 2025. In just four sessions, Nvidia’s market value loss exceeded the total market capitalization of most companies in the S&P 500.

Nebius shares fell as much as 21.5% on Thursday after the AI cloud provider lowered its 2026 revenue forecast, blaming delays in bringing new data centre capacity online. The drop came even though third-quarter revenue beat expectations. Options traders moved quickly to bet on further declines, with turnover in the most active put contract jumping 413% on 236 contracts traded. The selloff adds to a tough day for AI infrastructure stocks, with Nvidia sliding after Jensen Huang’s resignation as CEO and Oracle down about 4%. Neocloud companies such as Nebius and CoreWeave have swung sharply in recent weeks as investors weigh strong AI demand against slower capacity buildouts, rising financing costs and fears of tighter data centre rules after the US midterm elections.

Social Security’s retirement trust fund is set to run out of reserves in the fourth quarter of 2032, according to the program’s trustees, after which incoming payroll taxes would cover only about 78% of scheduled benefits. The combined retirement and disability funds are projected to run dry in the third quarter of 2034, leaving enough to pay about 83%. Payments would not stop, but benefits would shrink unless lawmakers change how the program is funded. New research from the AARP Public Policy Institute blames a shrinking tax base, not just an ageing population. Wages subject to Social Security tax fell from 41% of US GDP in 1983 to 34% in 2025, as more income now comes from business profits and investments. Had the 1983 share held, the program could have collected an extra $10.8 trillion and paid full benefits until 2059. AARP said raising or removing the payroll tax cap could close up to 67% of the long-term funding gap, while taxing some investment income could cover another 25%.

Fundstrat’s Tom Lee says he is buying Nvidia stock even after Jensen Huang’s shock resignation sent shares tumbling across markets. Nvidia fell about 8% in Nasdaq after-hours trading as the news spread, with the selling also showing up in tokenised Nvidia shares and crypto-based perpetual futures. Shares were down close to 10% at around $156 before Thursday’s open. Lee said the technology sector has already found its bottom and sees the drop as a buying opportunity. His view runs against the cautious mood on Wall Street, where some firms have cut targets or removed Nvidia from top pick lists over leadership risk. Huang stepped down after admitting to an affair with a Megaspeed executive whom US officials reportedly view as a possible Chinese intelligence asset, followed by reports of a second relationship with an Nvidia executive.

SpaceX shares rose 2.74% to $143.58 on Thursday, gaining $3.83 even as Nvidia sank after Jensen Huang’s resignation as CEO. Part of the attention comes from Elon Musk, who replied on X a day earlier that hiring Huang would be an honour, responding to a post from ZeroHedge urging him to do so. Musk did not say what role he had in mind, but the remark has fuelled speculation about a possible link-up. The two companies are already closely tied. SpaceX, which merged with Musk’s AI startup xAI in February and listed in June, runs its fast-growing AI computing business on Nvidia hardware, and Nvidia holds a multibillion-dollar stake in SpaceX. Investors are also looking ahead to Friday’s Starship Flight 15, when SpaceX will attempt to catch both the booster and upper stage with its launch tower for the first time.

Nvidia shares are trading near $156 after Jensen Huang’s resignation, about 35% below their October peak, and some investors see the selloff as a buying chance. Agar Capital, writing on Seeking Alpha, kept a Strong Buy rating with a $220 target, arguing that Nvidia’s order book, technology lead and long-term AI demand remain intact while its valuation has fallen sharply. RBC’s Srini Pajjuri also stayed positive with a Buy rating but cut his target from $330 to $230. Others are more cautious. Morgan Stanley removed Nvidia from its top picks this week, warning that Huang’s leadership was central to its strategy, and a CEO transition plus tighter export rules remain major risks. The next big signal comes on November 17, when Nvidia reports third-quarter results. The company guided for about $108 billion in revenue, and consensus expects $108.99 billion, up 91.2%, with earnings of $2.49 a share. Nvidia has beaten earnings estimates in each of the past four quarters.

Colette Kress is Nvidia’s new chief executive on an interim basis, after co-founder Jensen Huang resigned with immediate effect on Thursday. Kress has been Nvidia’s chief financial officer since September 2013 and will keep that role during the transition. She guided the company’s finances through its rise into the world’s leading AI chipmaker and is a familiar face to investors from earnings calls. Before Nvidia, she spent about 25 years in finance roles at major tech firms, including Cisco and Microsoft. Kress becomes the first person other than Huang to lead Nvidia since its founding in 1993. The company also named former Synopsys CEO Harvey C. Jones as its first board chair. The board is searching for a permanent CEO and will look at internal and external candidates, with reports naming Apple hardware chief Johny Srouji among possible choices. Kress said she will build on the foundation Huang created over 33 years. Her first major test is Nvidia’s earnings report on November 17.

Nvidia shares fell close to 10% in premarket trading on Thursday to around $156, after Jensen Huang stepped down as CEO, president and board member with immediate effect. The drop builds on Wednesday’s after-hours slide from a close of $173.73 and leaves the stock about 36% below its record high of $243.37. Chief financial officer Colette Kress, who joined Nvidia in 2013, has been named interim CEO and will keep her CFO role during the transition. Former Synopsys chief Harvey C. Jones becomes the company’s first board chair. The board said the change will not disrupt operations, customer commitments or Nvidia’s product roadmap, and it has started searching for a permanent CEO from inside and outside the company. The first big test comes on November 17, when Nvidia reports fiscal third-quarter results. Investors will watch for any sign the leadership shake-up affects strategy, key customer ties or the rollout of next-generation AI chips.

Jensen Huang has resigned as Nvidia’s chief executive, president and board member, effective immediately, the company confirmed in a statement on Thursday after a late-night board meeting on Wednesday. The move follows reports of two extramarital affairs, one with former Megaspeed executive Alice Huang, whom US intelligence reportedly suspects of spying for China, and another with Nvidia healthcare vice president Kimberly Powell, who reported to him. Chief financial officer Colette Kress has been named interim CEO. In a shift in how the company is run, Nvidia also appointed former Synopsys CEO Harvey C. Jones as the first board chair in its history. Nvidia’s statement did not include any comment from Huang. Kress said she would build on the foundation Huang created over 33 years and keep the focus on customers and shareholders. The board has begun searching for a permanent CEO and will consider both internal and external candidates, with Apple hardware chief Johny Srouji among names mentioned in reports.

Anthony Pompliano has suggested that Elon Musk should consider merging SpaceX with Nvidia (NASDAQ: NVDA) if Jensen Huang is pushed out as CEO. He believes the move could accelerate Musk’s ambition to build a leading AI company. In a post on X, Pompliano proposed combining SpaceX, Tesla (NASDAQ: TSLA) and Nvidia to create a vertically integrated AI business covering everything from chip manufacturing to AI applications. He argued that Musk’s experience in building hardware and managing global supply chains could help lead Nvidia through its next phase of growth. Pompliano described the potential deal as one of the largest mergers in history, while acknowledging that regulatory and political challenges could make it extremely difficult. He also said the next few weeks could bring major developments for the AI industry.

Colette Kress, Nvidia’s chief financial officer, has been named interim CEO following Jensen Huang’s resignation, making her the first person other than Huang to lead the chipmaker since its founding in 1993. Kress joined Nvidia as CFO in 2013 and has overseen its finances through its rise from a gaming chip specialist to a $4 trillion AI powerhouse. She became one of the company’s most visible executives, regularly leading earnings calls and explaining Nvidia’s data centre growth to investors. Before Nvidia, Kress was a senior finance executive at Cisco and served as CFO of Microsoft’s Server and Tools division. She began her career at Texas Instruments, where she spent more than a decade. Kress holds a bachelor’s degree in finance from the University of Arizona and an MBA from Southern Methodist University. Her first major test comes quickly, with Nvidia due to report quarterly earnings on November 17.

Colette Kress is Nvidia’s current Executive Vice President and Chief Financial Officer (CFO), who has been appointed Interim CEO following Jensen Huang’s immediate resignation. Kress joined Nvidia in September 2013 and has led the company’s finance operations for more than 13 years. Before joining Nvidia, she spent nearly 25 years in finance leadership roles at major technology companies, including Cisco and Microsoft. During her time at Nvidia, Kress played a key role in managing the company’s finances through its expansion in accelerated computing and artificial intelligence. She will continue serving as CFO while taking on the interim CEO position. Nvidia’s board has started searching for a permanent successor and will consider both internal and external candidates.

Nebius (NASDAQ: NBIS) reported strong Q3 2026 earnings, with revenue rising 571% year over year to $980.8 million, beating analyst estimates of $908 million. Adjusted EBITDA reached $465.8 million, compared with expectations of $353 million. Nebius AI cloud revenue stood at $973.8 million, up 643% YoY. Its annual recurring revenue (ARR) reached $6.4 billion at the end of September, up from $3 billion in June. The company expects 2027 revenue of $12 billion to $13 billion and plans $40 billion to $45 billion in capital spending. Customer prepayments and asset-backed financing are expected to cover 75%-85% of its 2027 capital expenditure.

Apple CEO Tim Cook has emerged as a potential replacement for Jensen Huang as Nvidia CEO, according to an AFP report. Nvidia’s board is reportedly discussing Huang’s possible departure, adding to uncertainty around the company’s leadership. Meanwhile, prediction market Kalshi briefly placed the odds of Cook taking over at 91%, before they dropped to 10%. Nvidia has also reportedly lost around $600 billion in market value amid the leadership uncertainty.

Nvidia (NASDAQ: NVDA) stock fell around 7% in premarket trading as reports of a possible leadership change involving CEO Jensen Huang raised investor concerns. The company’s board is reportedly discussing his future following allegations involving two extramarital affairs. No official decision has been announced. Huang’s potential departure could create uncertainty for Nvidia, given his role in major partnerships, investments and AI industry relationships. Meanwhile, Polymarket odds of Huang leaving by December 31 reportedly climbed to 89%. The broader market also faced pressure, with Nasdaq-100 futures falling 0.7% and S&P 500 futures declining 0.3%.

Nvidia CEO Jensen Huang’s future could be settled within hours, after the company’s board met overnight to discuss removing him, according to the Wall Street Journal. Tech site 9to5Mac said his dismissal now looks almost certain, possibly framed as a resignation, though no decision has been announced. Pressure rose sharply after the New York Times reported a second relationship, with Nvidia healthcare vice president Kimberly Powell, who reports directly to Huang. That followed his November 8 admission of an affair with former Megaspeed executive Alice Huang, whom US intelligence reportedly suspects of spying for China. Bloomberg reported that chief financial officer Colette Kress is the leading candidate to step in, at least on an interim basis. Apple chief hardware officer Johny Srouji, who built Apple’s in-house chip programme, also appears on the list, though 9to5Mac said a move by Srouji right now looks unlikely.

SpaceX shares eased 0.55% in premarket trading on Thursday to $138.98, after falling 2.33% to $139.75 in the previous session. All eyes are now on Starship Flight 15, planned for Friday, November 13, when SpaceX will try to catch both the Super Heavy booster and the Starship upper stage with the launch tower’s mechanical arms, something never done before. President Gwynne Shotwell said the company expects its FAA licence to cover both catches. The previous flight on September 28 reached orbit for the first time and deployed 26 Starlink V3 satellites, earning Starship its first commercial revenue. A successful catch could help a stock that has dropped almost 12% over the past month and sits well below its $225.64 peak, though still above its $135 IPO price. SpaceX trades at about 724 times forward earnings. Third-quarter revenue jumped 161% to $14.6 billion, while capital spending reached $19.6 billion, mostly on AI infrastructure.

Jim Cramer believes Nvidia (NVDA) shares may not reach a bottom until more Wall Street analysts downgrade the stock. In an X post on November 11, he suggested that analysts who have already lowered their ratings are leaving early, while others have yet to follow. Cramer also criticized Morgan Stanley for removing Nvidia from its top stock picks. Nvidia shares have fallen around 25% since October 2. So far, Aletheia Capital and Baird have downgraded Nvidia to Hold. Baird also cut its price target from $500 to $200, reflecting growing caution among analysts.

Tesla (TSLA) and SpaceX-linked SPCX are showing similar price patterns, raising speculation about a possible merger or deeper business integration between Elon Musk’s companies. The comparison comes after Tesla’s $2.6 billion all-stock acquisition of SolarCity, which initially faced market criticism before Tesla shares rallied. Speculation is now growing around a possible SpaceX-Tesla deal. Tesla holds approximately $2 billion in xAI equity, which could potentially be converted into direct SpaceX shares. Wedbush previously estimated an 80% to 90% probability of further integration between Tesla and SpaceX by 2027. However, no merger has been confirmed.

Weeks before the scandal broke, Jensen Huang told Bloomberg’s Emily Chang that even he could lose his job at the company he founded. Huang said the CEO is always vulnerable and must keep earning the role, adding that he liked a system where he could be removed and a successor hired. Those comments now carry new weight as Nvidia’s board reportedly considers ousting him following reports of two extramarital relationships, one with a woman US intelligence suspects of spying for China. In the same interview, Huang said he hoped to lead Nvidia for another 20 years and had no plans to step down soon. Asked whether his two children, both Nvidia executives, could take over, he said they would have to earn it. He added that he hoped Nvidia’s next CEO would come from inside the company.

NVIDIA’s unpaid customer invoices surged by $24.6 billion in six months, reaching $63.1 billion as of July 26. Five direct customers accounted for 70% of the outstanding balance. NVIDIA attributed the increase to longer payment terms offered to large investment-grade customers, ranging from 90 days to one year. Its days sales outstanding also increased to 60 days in July from 45 days in April. CFO Colette Kress rejected concerns about circular financing, saying, “We know some will call this circular financing. We see it differently.” Investors will watch the November 17 earnings update for further clarity.

The average 30-year US mortgage rate stood at 7.24% at the end of October, according to Freddie Mac, as homebuyers weigh whether to wait for more Federal Reserve moves. The Fed held its benchmark rate at 3.75% to 4% on October 28, but two officials favoured a hike, and hotter October inflation has lifted market odds of a December increase to about 90%. The Fed does not set mortgage rates directly, though, and a fixed-rate loan stays unchanged once signed. On a $300,000, 30-year loan, monthly principal and interest is about $1,996 at 7%, $2,047 at 7.25% and $2,098 at 7.5%. That half-point gap adds roughly $102 a month and about $36,625 over the full term. Most owners do not keep a loan that long, however. A buyer who sells after five years would pay about $7,562 more. Rates have ranged from a record 18.63% in 1981 to a low of 2.65% in 2021.

A possible merger between Tesla and SpaceX has moved from speculation into formal review, with both companies now running committees to study a deal. A combined group would be worth close to $3.5 trillion based on SpaceX’s valuation of almost $1.9 trillion. The two businesses look very different. SpaceX grew third-quarter revenue 161% to $14.6 billion, with AI computing bringing in $7.56 billion, more than ten times a year earlier, and Starlink connectivity adding $5.25 billion. Tesla earned over $100 billion in revenue over 12 months, but sales were flat in the third quarter and still depend mostly on electric vehicles. Its operating profit has dropped from almost $15 billion at its late-2022 peak to $3.63 billion. Tesla trades at 417 times earnings and 13 times sales, while SpaceX trades at 56 times sales. A quick deal is seen as unlikely, though a proposal could come soon.

Long before Jensen Huang built Nvidia into a trillion-dollar giant, his wife Lori was the higher earner in the relationship. Born Lori Mills, she met Jensen when the two were paired as lab partners while studying electrical engineering at Oregon State University, where she graduated in 1985. She went on to work as a chip designer in Silicon Valley, earning more than her future husband in their early careers. After Jensen co-founded Nvidia in 1993, Lori stepped back from engineering to raise their two children. She later became president of the Jen-Hsun and Lori Huang Foundation, set up in 2007 to fund education, public health and science programmes. In 2022, the couple gave $50 million to Oregon State University for an AI and robotics research complex. Lori has not commented publicly on her husband’s admitted infidelity, as speculation grows over a possible divorce settlement.

The Kobeissi Letter has publicly urged Nvidia’s board not to remove Jensen Huang, arguing there is no clear successor and that his exit would hurt the company and the wider AI industry. The research firm pointed to a study of 187 forced CEO departures at S&P 1500 companies, which found that removing strong-performing leaders led to weaker long-term stock returns. It said Huang fits that profile. Kobeissi called on directors to avoid a rushed decision, finish a full investigation and hold a special shareholder meeting with an advisory vote on Huang’s future. It noted Nvidia stock has fallen 35% in 26 trading days, with nearly half the drop tied to the scandal, and estimated that Huang’s removal is already about 80% priced in. Keeping him, the firm argued, carries limited downside but significant potential upside.

Nvidia’s board allegedly met on Wednesday night, US time, to decide whether Jensen Huang should stay on as CEO, Reuters and CNN reported. As of at the time of writing, no decision had been announced. Before the meeting, the Wall Street Journal reported that directors were preparing to remove Huang. Bloomberg said the board is working with an outside search firm on possible replacements and is considering an interim CEO. The meeting marks a sharp shift from Sunday, when the board said it still had confidence in Huang after he admitted an affair with a Megaspeed executive whom US intelligence reportedly suspects of spying for China. Pressure grew after the New York Times reported a second relationship, with Nvidia healthcare vice president Kimberly Powell, who reported directly to him. Nvidia shares fell more than 9% in after-hours trading. The company reports earnings on November 17.

Elon Musk has weighed in on the turmoil at Nvidia, saying it would be an honour to hire Jensen Huang. Musk made the remark on X in reply to a post from financial news account ZeroHedge urging him to bring Huang on board. The comment came hours after the Wall Street Journal reported that Nvidia’s board is preparing to remove Huang as CEO, following a New York Times report of a second alleged affair, this time with Nvidia healthcare vice president Kimberly Powell. Musk did not say whether he would make any formal offer. His companies are among Nvidia’s largest customers, with SpaceX recently signing a $40 billion lease for Nvidia’s Vera Rubin systems. Nvidia shares fell 8.6% in after-hours trading on the ouster report.

Kimberly Powell, 48, is Nvidia’s vice president of healthcare and has worked at the chipmaker for more than 18 years. She joined as a director in 2008 after working as an engineer and in product development at an electronics startup, initially promoting Nvidia’s chips for medical imaging. Powell became a senior director in 2016 and was named vice president of healthcare in late 2017. She now oversees Nvidia’s healthcare hardware and software business, covering medical imaging, life sciences and drug discovery, and reports directly to CEO Jensen Huang. The New York Times, citing five former employees, reported that the two were seen being affectionate at a San Jose hotel during Nvidia’s March developer conference. A bystander who filmed the moment was reportedly offered a non-disclosure agreement. Powell, Huang and Nvidia declined to comment. Reports say Powell is married with two children. Nvidia’s code of conduct lists personal relationships as a possible conflict of interest.

Days earlier, Jensen Huang apologised to employees for an affair with a woman whom US intelligence reportedly identified as a suspected Chinese spy. He has said nothing improper took place involving spying or sharing information with China. Nvidia’s board then launched an independent review. Now, according to the New York Times, the second relationship was with Kimberly Powell, Nvidia’s vice president of health care, who reported to Huang. The paper said the two were seen being affectionate at a hotel in San Jose during an Nvidia conference in March. Huang, Powell and Nvidia have not commented on the report. Huang has not admitted to a second affair.

The scandal around Nvidia CEO Jensen Huang has deepened. The New York Times reports that Huang had a second extramarital affair, this time with a senior Nvidia executive. Hours later, the Wall Street Journal reported that Nvidia’s board is preparing to remove him as chief executive of the company he co-founded in 1993. The Wall Street Journal reported, citing people familiar with the matter, that Nvidia’s board was preparing to meet as soon as Wednesday to decide Huang’s future. Nvidia has no clear succession plan, raising questions about who would lead the company on an interim basis if Huang is removed.