Bloomberg Businessweek Weekend - November 13th, 2026

SPEAKER_1 (0:02)

Bloomberg Audio Studios, Podcasts, Radio, News.

SPEAKER_2 (0:08)

This is Bloomberg Businessweek Daily, reporting from the magazine that helps global leaders stay ahead, with insight on the people, companies, and trends shaping today's complex economy, plus global business, finance, and tech news as it happens. The Bloomberg Businessweek Daily podcast with Carol Massar and Tim Stenovec on Bloomberg Radio.

Carol Massar (0:31)

Hi everyone. Welcome to the Bloomberg Businessweek weekend podcast. A tumultuous week for NVIDIA and fair to say the global tech industry, as Jensen Wong, the founder and CEO, and the preeminent face of the AI infrastructure boom, was ousted from his post after reports of two affairs, including one with a woman who is suspected of spying for China.

Chief Financial Officer of NVIDIA, Colette Kress, was named interim CEO.

Tim Stenovec (0:57)

The board, which has never had a chair before, appointed Harvey Jones as chair.

He's been on the board for years and formally led Synopsys. It's a company that NVIDIA last year took a $2 billion stake in. Fair to say that all eyes will be on the company's earnings this coming week as investors weigh the impact on NVIDIA's future. More on all that in just a minute.

Carol Massar (1:15)

I have to say, Tim, this was a week where we had a very clear main story, almost every day.

Meantime, to be fair, there is another story we followed as well throughout the week. This, as anticipation is building around Anthropix, highly anticipated IPO. As the latest Bloomberg reporting calls the deal, multiple times oversubscribed. And let's not forget, we got an update on the economic front in the US. This has hotter than expected inflation data fueled fresh speculation about the Fed's next move, including the possibility of a larger interest rate hike in December, which would be, of course, the last Fed meeting of the year. Again, check out all the details and all the latest on all of these news events. You can find it on the Bloomberg and at bloomberg.com.

Tim Stenovec (1:59)

Coming up this hour, Wall Street could be entering a new era of trading. The New York Stock Exchange developing a platform for tokenized securities, potentially transforming how and when investors buy and sell stocks. New York Stock Exchange Group President, Lynn Martin, joins us to explain what it means for the future of financial markets.

Carol Massar (2:16)

A little later on, two very different approaches to the future of on-screen entertainment. First, Fable Studio CEO, Edward Saatchi, on his new fully AI-generated movie.

And then, yeah, it's one of the most anticipated video game releases in years. We talk Grand Theft Auto 6 and how its parent company, Take-Two Interactive, is making its biggest bet yet.

Tim Stenovec (2:37)

All that to come. We begin, though, with the story that we've been following closely all week. NVIDIA CEO Jensen Wong-Zauster after reports of two affairs, including one with a woman suspected of spying for China.

Just days before he resigned, that relationship sparking an investigation and drawing attention in Washington. The controversy comes as the US and China remain locked in a competition over dominance in advanced semiconductor technology.

Carol Massar (3:01)

For the latest, we leaned on someone who has talked to Jensen Wong many, many times over the last few years. We're talking about the host of Bloomberg Tech, Ed Ludlow.

Ed Ludlow (3:10)

Yeah, I mean, lots of people posing the question, what is NVIDIA without Jensen Wong?

There is a big divide across the investor base and people in, I wouldn't say Silicon Valley, that's too narrow. This is something that will have global impact. Those that on the one hand say, this is a key man risk story, but it was inevitable. Then a very big camp of people that say, irrespective of Jensen Wong's infidelity and pending outcome of an internal investigation and those being made by US agencies that Jensen Wong should have stayed in post. So that's what people are grappling with now. It's a very big existential question.

Tim Stenovec (3:56)

I mean, any chance he comes back? There have been CEOs who've been let go, who've come back.

Ed Ludlow (4:01)

Well, I think the way that Carol put it, a moment goes really important because I read the statement. The one bit that was missing from that succinct statement was, is there any relationship at all between Jensen Wong and Nvidia? So Bloomberg went back to Nvidia and we clarified that going forward, Jensen Wong will not have an association with the company. He will not have an advisory role. He will not be chairman emeritus. He will not be an employee or an executive, and that's really important. He will be a shareholder, of course.