Bessent questions did Nvidia "goose" earnings with suspect China chip sales
Axios reports that Treasury Secretary Scott Bessent on Sunday questioned whether Nvidia's earnings may have been inflated by inappropriate sales to China, and urged the company to hire an outsider as CEO. Axios notes that Nvidia is central to the AI economy, which has been key to U.S. economic growth, and says the Treasury secretary's doubts about the company's financial results and leadership could weigh on an already shaky market. According to Axios, Nvidia shares have fallen since the scandal broke open in late October.
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Bessent questions did Nvidia "goose" earnings with suspect China chip sales
Treasury Secretary Scott Bessent on Sunday questioned whether Nvidia's earnings might have been inflated by inappropriate sales to China and urged the company to hire an outsider as CEO. Why it matters: Nvidia is central to the AI economy, which has been key to U.S. economic growth. The Treasury secretary casting doubt on the quality of its financial results and leadership could be a blow to an already shaky market. Since the scandal broke open in late October, Nvidia shares have shed more than
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