Nvidia investigates CEO Jensen Huang, Hegseth impeachment vote, Asian stocks rebound
Nvidia's board opens an independent probe of CEO Jensen Huang, the House could vote this week on impeaching Defense Secretary Pete Hegseth, Asian stocks rebound on an AI chip rally, the COP31 climate summit opens in Turkey, and the Bears beat the Buccaneers on a last-second field goal.
Nvidia's board announced Sunday an independent investigation, run by a committee of independent directors with outside counsel, after CEO Jensen Huang told employees he had an affair with a business executive whom U.S. intelligence reportedly concluded was gathering information for Beijing. The board says it has "no reason to believe that either national security or Nvidia secrets were compromised" and that it has confidence in Huang, who remains CEO. China called the allegations "groundless speculation." The Republican chairs of three House committees asked Huang to attend a closed-door briefing on November 18.
Nvidia's board saysIt has "no reason to believe that either national security or Nvidia secrets were compromised," will "examine all available information," and has confidence in Huang.
Jensen Huang says"There is no excuse for what I did." He says he supports the board's review and is "committed to protecting Nvidia and supporting America's national security."
Lawmakers sayThe Republican chairs of the House Foreign Affairs, Intelligence and China committees cited concern about "Nvidia's security protocols against foreign adversary espionage"; Democratic Sen. Chris Coons said "Congress will investigate and get answers."
China saysThe Chinese government called the allegations "groundless speculation."
Rep. Thomas Massie (R-Ky.) planned to reintroduce a privileged resolution with eight articles of impeachment against Defense Secretary Pete Hegseth as early as Monday, November 9, and a House vote is expected this week. The first article says Hegseth carried out unlawful orders that violated the War Powers Resolution over the Iran war. In a 60 Minutes interview released Sunday evening, President Trump called the push "very unfair." No executive branch official has ever been removed through impeachment.
Supporters sayMassie says Hegseth continued the Iran war without congressional authorization and approved operations that violated the law. House Democratic leader Hakeem Jeffries said he is "a hard yes" and "Pete Hegseth has got to go."
Hegseth saysHe called them "sham articles of impeachment" and said "It's all about the politics of personal destruction."
President Trump says"They want to impeach him. Very unfair. We had two wars, we won both."
Asian markets rose Monday as AI and chip stocks recovered from last week's sell-off. Tokyo's Nikkei 225 gained more than 3%, Taiwan's Taiex more than 5%, led by TSMC, and South Korea's Kospi about 1.5%. U.S. stock futures also rose. Last week the S&P 500 fell 2.7%, its worst week since April 2025, as investors worried that Democratic midterm wins could slow AI data center construction.
The COP31 UN climate conference opened Monday in Antalya, Turkey, and runs through November 20, with a leaders' summit November 11-12. President Trump has not sent administration officials; a U.S. congressional delegation is attending. UN Secretary-General Antonio Guterres urged leaders to "get serious," saying "We have entered a new age of climate extremes." Developing countries are pushing to add climate finance items to the agenda, and a senior EU official warned there would be "no political will" for new funding pledges.
The Chicago Bears beat the Tampa Bay Buccaneers 27-24 on Sunday Night Football at Soldier Field despite five turnovers, including four interceptions thrown by Caleb Williams. Cairo Santos kicked a 38-yard field goal as time expired. Chicago improved to 7-2 with its fourth straight win and heads into its bye week; Tampa Bay fell to 3-6.
