What happens next as Huang steps down as Nvidia CEO following affair scandal
Channel: CBS News
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Duration: PT476S
Read a transcript preview of “What happens next as Huang steps down as Nvidia CEO following affair scandal” from CBS News, uploaded on 2026-11-12.
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Language: English (original, YouTube automatic captions)
[0:00] Hello everyone. I'm Major Garren in
[0:02] Washington. Let me welcome you to the
[0:03] Takeout. The Latin word for envy is
[0:07] Nvidia. It's spelled I N V I D I A. When
[0:12] Jensen Wong launched a company to make
[0:15] graphics chips in 1993, he named it
[0:18] Nvidia in honor of that Latin word envy.
[0:22] And since roughly 2019, Nvidia has been
[0:25] the envy of the chipm. that has been the
[0:28] architect of advanced computing
[0:31] computing rather that powers artificial
[0:33] intelligence development and investment.
[0:36] Jensen Wong left off the I in the Latin
[0:39] word Nvidia. But there is no Nvidia, the
[0:41] company you know so well, without the
[0:43] eye that was Jensen Wong. He drove
[0:46] Nvidia as few CEOs in American corporate
[0:49] history ever have. As an innovator, a
[0:52] cheerleader, a strategist, and a global
[0:54] tech celebrity.
[0:56] On October 29th, Nvidia had a market cap
[0:59] of $5.1 trillion. That was the day the
[1:03] New York Times published this story with
[1:06] revelations that US intelligence
[1:08] officials had concluded that a woman
[1:10] with whom Wong was having a romantic
[1:13] relationship, her name was Alice Wong,
[1:15] also known as Wong Lee, was a Chinese
[1:18] intelligent intel