Jensen Huang asked to appear at Senate hearing December 3

Senator Tim Scott's letter to Jensen Huang, sent today, requesting that he voluntarily appear before the Senate Banking Committee for a public hearing on December 3, 2026.

"You just shot the central banker. That's not good for rates." SemiAnalysis President @fabknowledge warns that Jensen Huang's departure could trigger a credit contraction across the AI industry: "Jensen had one of the most profitable businesses in the world and was doing a meaningful amount of loans against his giant profitable empire, and that really expanded the potential credit in the entire AI ecosystem." "It's kind of a contraction." "Open source models I think is a much bigger risk. The biggest version of a China hawk will ban open source models." "From NVIDIA's perspective, the most powerful thing he can do to rein in the power of his customers was to support open source as full-heartedly as he can." "Now, it seems like that's not gonna be the case. So pretty much now Anthropic…

Jensen Huang had 3 roles in the AI industry: he was the compute kingmaker, the accelerationist-in-chief, and a China dove. The revelations of the past week made it impossible for him to do any of those jobs effectively, so he had to go. (I'm trying a new video column format, tell me if you like or hate it and I will do more/fewer of them)

Three months ago, Jensen Huang cut off his CFO in front of Nvidia's top finance people and called her "a deer in the headlights." This week the board pushed him out, and now she's the one running the $4 trillion company. Her name is Colette Kress. In that same August meeting, Jensen also called her a "reporting CFO." In his view she was someone who reports the numbers but can't help set strategy or make the big calls. That's the knock on her, and it's worth taking seriously, because the board is having her keep the CFO job while she runs the whole company. Kress came over from Cisco in 2013, back when Nvidia did $4.13 billion a year in sales. Last fiscal year it did $215.9 billion. She's been the other voice on the earnings calls for that entire run, explaining Jensen's bets to Wall…