The Ben Shapiro Show - November 13, 2026


The NVIDIA Scandal Just Exploded. Here's Everything.

Rob Schneider on the Hollywood Blacklist Nobody Talks About The New DC Boss Is a Christian Who Wants to Make Movies for Normal People

Episode Stats


Length

37 minutes

Words per minute

185.46

Word count

6,961

Sentence count

460

Harmful content

Toxicity

15

sentences flagged

Hate speech

6

sentences flagged


Transcript

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00:00:00 Well, I can tell you there was coordination.
00:00:03 Treasury, War, USTR, and State were in favor of putting MegaSpeed on the entity list for months.
00:00:12 But Commerce has the pin.
00:00:14 Commerce BIS has the pin, and you will have to ask them about their internal processes.
00:00:21 So that is the Treasury Secretary, Scott Bessens, and that is him taking bodily Commerce Secretary Howard Lutnick and stuffing him under the bus over Jensen Huang's alleged Chinese spy lover.
00:00:33 The Jensen Huang Nvidia fallout, the scandal, it is growing by the hour.
00:00:37 It's going to get larger from here.
00:00:39 It's actually a massive story.
00:00:40 It's already damaging the AI industry, and now it's damaging the Trump administration directly.
00:00:53 All righty, so when the CEO of the world's most valuable company is ousted, some questions have to be asked. 0.75
00:00:59 And let's be clear he was not ousted because he was shipped up in the ladies.
00:01:02 Okay, so Reuters is now reporting that he had an affair with a third unidentified person.
00:01:08 And we don't know who this is.
00:01:09 A third woman has hit the towers.
00:01:11 We don't know who this is.
00:01:13 But I have to say, it is not because of this.
00:01:16 Okay, if the problem in Silicon Valley were tech bros who couldn't keep their pants up, you'd have to oust three quarters of Silicon Valley, most of whom are gigantic dorks who are never able to draw lady attention until they became billionaires.
00:01:28 Throw on the leather jacket and add a billion dollars, and suddenly you're very attractive to the ladies, as it turns out.
00:01:33 But that is not the reason why Jensen Huang is now being ousted.
00:01:37 So, despite the fact that there are reports that he wasn't just sleeping with an alleged Chinese spy, but he was sleeping with a member of the company, the vice president of healthcare named Kimberly Pell, but also a second employee, that is not the actual reason he is being ousted.
00:01:51 And herein lies the mystery, and herein lies the scandal, and herein lies the fallout.
00:01:56 Why exactly is Jensen Huang gone?
00:01:59 Because, again, if this were just about Jensen's Dong, Then we wouldn't be talking about Alistair Jensen Huang.
00:02:06 We would just be talking about, you know, him being a Silicon Valley douchebag. 0.85
00:02:11 That's all. 0.73
00:02:12 You know, as I say, like three quarters of the rest of Silicon Valley.
00:02:16 Now, according to Bloomberg, Huang is walking around literally saying, I'm a piece of bleep, which is a little performative.
00:02:25 I'm not sure exactly who he is saying that to.
00:02:27 According to Bloomberg, Huang has claimed not to care what happens to himself at this point, according to the people who have spoken with him.
00:02:32 His main concern, he says, is his wife and not ruining the lives of the multiple women now romantically linked to him in the public imagination.
00:02:40 But why is this a big thing?
00:02:42 Why did he really go?
00:02:43 That's the question.
00:02:44 Cause again, we all know if this is just about people cheating on their lives, it's happening all the time.
00:02:48 Unfortunately.
00:02:49 Okay.
00:02:50 There are a couple possibilities.
00:02:51 There are a couple possibilities here.
00:02:53 The number one possibility, numero uno, is that Nvidia was facilitating the movement of its chips into China illegally.
00:03:03 That is the very, I would say, rooted suspicion that a lot of folks have.
00:03:11 And that the story of him sleeping with a Chinese spy is merely popping the lid on that story.
00:03:18 CBC News has now reported that in October 2022, under the Biden administration, the Department of Commerce implemented export controls on advanced computing chips going to China.
00:03:28 That means NVIDIA's top end chips, Blackwell Ultra and Verarubin, both GPUs used for AI models, are blocked from being sold to the country.
00:03:35 U.S. government has two main reasons for blocking these sales to maintain the country's global lead in AI development and to protect national security.
00:03:42 Well, apparently, soon after advanced chip restrictions to China were implemented, an illegal smuggling and underground network was set up by many vendors to get the chips into China and to sell them on to companies there, according to Germany's Deutsche Welle news agency.
00:03:56 The U.S. Commerce Department's enforcement arm is allegedly not staffed well enough to enforce the restrictions.
00:04:01 Now, there is a legal loophole that's exploited sometimes to send chips to China.
00:04:04 NVIDIA can't sell its most advanced chips directly to China, but They can sell them to other countries and third party data centers can then rent out access to the data centers to companies affiliated with China.
00:04:15 So NVIDIA could sell the chips to a Malaysian company that then turns around and rents that computing power to a Chinese company.
00:04:23 Or perhaps let's say that there are a company called Megaspeed that were located in Singapore and run by, say, an alleged Chinese spy.
00:04:30 And let's say that said alleged Chinese spy was sleeping with the head of NVIDIA.
00:04:34 And let's also speculate again without evidence, but we'll find out.
00:04:38 That some NVIDIA chips were flowing to MegaSpeed, this Chinese front company.
00:04:44 And that as this all started to come to light, suddenly the accounting procedures over at NVIDIA changed.
00:04:49 And it turned out that suddenly Singapore was not listed as a separate country in foreign sales.
00:04:54 Well, that might be pretty suspicious, especially combined with the fact that Jensen Huang has been a longtime defender of selling chips to China.
00:05:00 Now, many things can be true at once about Jensen Huang.
00:05:04 One, absolutely brilliant, tremendous at his job, takes a company of 30 years standing and turns it into a global powerhouse by running people ragged, running himself ragged, taking 60 direct reports and all the rest.
00:05:16 That Jensen Huang actually is quite a genius at his business.
00:05:18 Two, it could be that his business sense.
00:05:21 Tells him that selling to China is better for NVIDIA because the more clients you have and the more people in competition, the more there will be people buying your chips.
00:05:30 That does not mean that he despises the country or is a traitor, but it does mean that his self interest certainly coincides with his political viewpoint.
00:05:39 Well, here he was with Dwarkesh Patel talking about why we ought to sell chips to China.
00:05:47 Why is it that we don't come up with a regulation that's more balanced so that NVIDIA?
00:05:53 Can win around the world instead of giving up the world.
00:05:58 Why would you want the United States to give up the world?
00:06:02 The chip industry is part of the American ecosystem.
00:06:05 It's part of American technology leadership.
00:06:07 It's part of the AI ecosystem.
00:06:10 It's part of AI leadership.
00:06:12 Why is it that your policy, your philosophy leads to the United States giving up a vast part of the world's market?
00:06:23 The claim here is, Dario had this quote where he said, It's like Boeing bragging that we're selling North Korea nukes, but the missile casings are made by Boeing.
00:06:31 And that's somehow enabling the US technology stack.
00:06:34 Like fundamentally, you're giving them this capability.
00:06:35 But comparing AI to anything that you just mentioned is lunacy.
00:06:39 But AI is similar to enriched uranium, right?
00:06:41 And then it can have positive uses, it can have negative uses.
00:06:44 We still don't want to send enriched uranium to other countries.
00:06:48 Who's sending enriched?
00:06:51 The analogy here is enriched uranium is a lousy analogy.
00:06:56 But it isn't a lousy analogy because, again, it's a dual use technology.
00:07:00 China can use our AI chips in order to develop better AI around military tech, for example.
00:07:06 And there's been a long standing debate.
00:07:08 My friend Mike Gallagher over at Palantir has been making the case since he was in Congress that it is a gigantic mistake to be shipping sophisticated microchips over to China.
00:07:16 And even Jensen had to take the public position that the most sophisticated microchips ought not be sold to China.
00:07:23 So if he really believes that there's no threat at all, we should just be selling.
00:07:26 All of the most sophisticated chips to China.
00:07:29 In any case, whether there was illegal passage of the chips with NVIDIA's tacit approval, or whether they were selling to a company that was then selling to another company that was then selling to China, whether any of that has to do with this alleged Chinese spy having an affair with Jensen, the mystery is growing.
00:07:45 It is not shrinking.
00:07:47 As the Wall Street Journal reported literally yesterday, as recently as summer of last year, Singapore, the home of MegaSpeed, again, MegaSpeed, was the firm that was run by Alex.
00:07:58 Alice Huang, who is the alleged Chinese spy who is sleeping with Johnson.
00:08:02 As recently as the summer of last year, Singapore, the home of Megaspeed, was officially one of NVIDIA's biggest markets, generating 22% of the chipmaker's revenue.
00:08:10 Then, practically overnight, it disappeared from the company's financial disclosures.
00:08:13 An NVIDIA spokesman this week said the company placed Megaspeed on its block list in June 2025, which it says prohibited further sales or shipments, and that the voluntary cutoff remains in place.
00:08:23 The last period for which NVIDIA reported revenue tied to Singapore was the fiscal quarter that ended in July 2025, the month after NVIDIA instituted the block.
00:08:32 It said revenue from Singapore was $10.2 billion.
00:08:35 Two years earlier, Singapore had accounted for just 8% of NVIDIA's revenue.
00:08:40 Okay, that's 22% of NVIDIA's revenue.
00:08:45 Now, again, this raises some pretty serious questions.
00:08:49 Was special consideration being given to Megaspeed?
00:08:51 Was Megaspeed a Chinese front company?
00:08:53 Was it passing either intelligence or chips or both along to the Chinese?
00:08:58 Well, the administration seems really, really defensive, really defensive about all of this.
00:09:02 We'll get to more on this in just one moment.
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00:10:06 So this morning, the Attorney General, Todd Blanch, he questioned whether Alice Huang, the person sleeping with Jensen, was actually really a spy.
00:10:14 Do you share the concerns that maybe the Commerce Department was impeding the ability?
00:10:18 To uncover the smuggling network that Alice Wong was involved in?
00:10:22 Well, your first question assumes something that I have never said and that I don't know to be true.
00:10:26 So you assume that DOJ learns that she is, in fact, a spy.
00:10:31 I'm not, nobody said that.
00:10:33 I certainly haven't said that.
00:10:34 And I don't, all I said a minute ago and all that I think I will say is that, of course, DOJ is investigating or looking at it.
00:10:41 So there's no conclusions reached by the Department of Justice or by me or by Director Patel around who she is or is not.
00:10:49 I don't have concerns with the Commerce Department.
00:10:51 I don't.
00:10:52 We have a good relationship with the Commerce Department.
00:10:54 I've read some of the stories, which are sourced or not sourced.
00:10:58 And so I don't have any.
00:11:00 But no, I don't have.
00:11:01 The answer to your question is no, I don't have any concerns.
00:11:05 So let us be clear at this point that it is not actually crystal clear whether Alice Huang is, in fact, a spy.
00:11:11 For what it's worth, the New York Times first reported that Alice Huang was a spy on October 29th.
00:11:15 And they quoted the quote is, U.S. officials, right?
00:11:19 That is the source.
00:11:20 U.S. officials believe the businesswoman seen with Jensen Huang in Taiwan is a Chinese intelligence asset.
00:11:25 And the Financial Times then followed up a week later and reported that Huang was romantically involved with Alice Huang on November 6th.
00:11:32 CNN is reporting that there is disagreement among U.S. officials about the strength of the evidence that Alice Huang was recruited by the Chinese Ministry of State Security.
00:11:40 It's the Chinese equivalent of the CIA to spy on Jensen Huang and by extension on U.S. policymakers.
00:11:45 The FBI has apparently been investigating Huang's affair for at least a year.
00:11:49 But again, A.G. Blanche says, That there are no conclusions that have been reached by the DOJ or the FBI about whether, in fact, Alice Wong was a spy.
00:11:59 Now, in the spring, Secretary of State and National Security Advisor Marco Rubio warned in a memo about Jensen's relationship with Wong, one source told CNN.
00:12:07 The FBI told lawmakers last year it was particularly suspicious of Alice Wong's seemingly overnight career pivot from Chinese state television journalist to businesswoman with an unusually large amount of purchasing power in the Chinese economy.
00:12:20 Under Chinese national security law, Chinese citizens can, in fact, be compelled to help gather intelligence on behalf of.
00:12:25 Of the Chinese Communist Party.
00:12:26 So, why is the Trump administration suddenly being so defensive about Alice Wong?
00:12:31 Well, the answer here is because if it's true that it was reported to President Trump that Jensen was having an affair with Alice Wong, and if President Trump had reason to believe that Alice Wong was a Chinese spy, and meanwhile, President Trump was working hand in glove with Secretary of Commerce Howard Lutnick and with Jensen to loosen restrictions on the shipment of ships to China, that starts to look incredibly dicey for the White House.
00:12:57 And so the way to cut off that chain of logic is to say, well, there's no way for the president to even have known that, sure, okay, fine, he's having an affair.
00:13:03 But there was no way for the president to have even suspected, really, that she's a Chinese spy or something.
00:13:08 Certainly nothing definitive.
00:13:10 So it's an independent policy decision to allow NVIDIA to sell sophisticated microchips to the Chinese.
00:13:17 And in fact, according to Semaphore, in January, the general counsel for what was then the world's most valuable company delivered a blunt directive on chip export controls to more than a dozen government officials.
00:13:27 What Donald Trump and his friend Jensen Huang want goes.
00:13:31 NVIDIA's Tim Teeter apparently said, quote, I was with the president when he and Jensen discussed this.
00:13:35 So, I want to let you know what the president wanted.
00:13:37 He wants this to go fast.
00:13:39 At issue, apparently, were proposed conditions on licenses to export NVIDIA's H200 chips to China, which included requirements that chip sellers know who their cloud customers were before shipping and conduct know your customer checks on any buyers purchasing more than a few thousand chips.
00:13:53 And again, the president's policies with regard to NVIDIA, the president was very friendly with Jensen.
00:13:58 The president is friends with a lot of people in the AI industry.
00:14:01 But the president is also pretty anti China.
00:14:04 And so, the fact that the United States was lifting export restrictions on sophisticated microchips.
00:14:09 It's questionable, just as a matter of policy.
00:14:11 It starts to get a lot uglier if it turns out that the commerce secretary or the president knew that actually the person he was talking to for advice was sleeping with a Chinese spy, right?
00:14:21 And that is why you see the administration say, hey, we don't even know if she is a Chinese spy.
00:14:26 Certainly the president didn't know if she was a Chinese spy.
00:14:28 Well, you can see the Treasury Secretary, Scott Besant, setting up Howard Lutnick to take the hit here.
00:14:34 According to Axios, President Trump on Thursday authorized a crackdown on companies suspected of diverting NVIDIA's advanced ad chips to China for the third time this year.
00:14:42 Even consulting Elon Musk before giving the go ahead.
00:14:45 One administration official has repeatedly stood in the way Commerce Secretary Howard Lutnick.
00:14:51 This report was assembled from interviews with six high level sources who were briefed on or, in some cases, heard the discussions, apparently.
00:14:57 On Thursday, as the spy scandal rocked the administration, Lutnick met in the Situation Room with Treasury Secretary Scott Besant, Defense Secretary Hegseth, U.S. Trade Representative Jameson Greer, and NSA and Secretary of State Marco Rubio.
00:15:09 During the meeting, Besant confronted Lutnick directly about why his department had resisted implementing the export controls, particularly on Megaspeed.
00:15:16 The company at the center of the spy scandal.
00:15:19 The group sided with Besant.
00:15:21 Letnick appeared to agree, but then muttered under his breath, I need to check with the president.
00:15:25 One person in the room called his bluff by saying, Great, why don't we do it today?
00:15:28 Around 5 p.m., the group headed to the Oval Office.
00:15:30 President Trump called Musk and agreed to move forward.
00:15:33 Musk supported Rubio, Besant, Greer, Hagseth, and all the rest.
00:15:36 Letnick was the lone holdout.
00:15:39 So again, it seems the Letnick was strangely attached to the idea of maintaining loopholes in export controls for these chips to China.
00:15:50 Now, is that because of some relationship with Jensen?
00:15:53 Again, there are a lot of questions and not enough answers at this point.
00:15:56 The White House, for what it's worth, is apparently discussing pretty openly getting rid of Lutnick.
00:16:01 According to Reuters, senior White House officials are discussing whether Commerce Secretary Howard Lutnick should be pushed out amid that spy scandal.
00:16:07 Again, I think that among the cabinet secretaries, Lutnick has done the president the worst service between his extraordinary allegiance to the failed economic strategy known as tariffs.
00:16:20 And he was the hardest pusher for tariffs, which is where the president's approval rating really began to downturn.
00:16:25 Between that and now, Lutnick apparently being the sole fighter on behalf of lifting export controls on ships to China, none of this has actually redounded to the benefit of the president.
00:16:35 Again, Secretary Besant is really, really unhappy with Lutnick, and he is ready to see Lutnick's back.
00:16:43 He's ready for Lutnick to go.
00:16:45 Last Thursday, according to the Washington Post, Besant confronted Lutnick over why his department had not taken action.
00:16:51 And then today on CNBC, as we played at the top of the show, here was Scott Besant going after Howard Lutnick directly.
00:16:57 Well, I can tell you there was coordination.
00:17:00 Treasury, War, USTR, and State were in favor of putting MegaSpeed on the entity list for months.
00:17:09 But Commerce has the pin.
00:17:11 Commerce BIS has the pin, and you will have to ask them about their internal processes.
00:17:18 Now, again, according to CNBC, former Trump administration officials said the president had directed Lutnick three times to pursue restrictions on exports of NVIDIA's most powerful computer chips.
00:17:28 Lutnick resisted.
00:17:29 According to that former official, saying it would spark a trade war with China.
00:17:33 Another person with Lutnik's views said he was trying to make China reliant on American AI hardware, a view also espoused by Jensen.
00:17:40 Now, on Thursday, according to this report, Singaporean authorities said they had launched an investigation into MegaSpeed in early 2025, trying to figure out whether the chips it was buying were actually going to Malaysia or whether they were instead going to China.
00:17:53 Eventually, authorities seized the passport of Alice Huang.
00:17:57 In June 2025, according to those Singaporean officials, Commerce Department inspectors carried out a check at MegaSpeed, but.
00:18:03 When they tried to get help pursuing their investigation from the DOJ and FBI, they received only limited assurances.
00:18:10 Well, Senator John Kennedy of Louisiana, he's suspicious of how Howard Lutnick has behaved throughout this entire thing.
00:18:15 He says Lutnick is going to be called to testify before Congress.
00:18:19 Should Howard Lutnick, the Congress Secretary, lose his job over this?
00:18:22 Well, I don't know yet.
00:18:24 If I were the Secretary, I would have called a press conference already.
00:18:28 Now, I know he's got to talk to his mates and his lawyers and all that, but I would have already called a press conference and And told the American people through the media, look, I'll be here as long as you want.
00:18:41 I'm prepared to answer all questions.
00:18:44 Now, he hasn't done that.
00:18:46 Maybe he has a good reason not to, but he's going to be called to testify in front of Congress.
00:18:54 Now, the question is not only what Lutnick knew and when he knew it with regard to what was going on with Megaspeed and Jensen and Chinese spying, but whether that was conveyed to the president.
00:19:05 And so I think one of the reasons you're seeing the AG and the DOJ go out there.
00:19:08 And basically make the case that the president knew nothing and that they didn't even come to a final conclusion on whether Alice Wong was a spy is because if they didn't come to that conclusion, the president never could have been informed of that conclusion.
00:19:20 So again, this thing started as an AI scandal and it's quickly turning into a governmental scandal as well.
00:19:24 This is one of the dangers of a deeply enmeshed administration when you have a combination of business and the administration.
00:19:32 A corporatist economic policy always ends up with people in bed together in the most lewd ways.
00:19:38 What about China?
00:19:39 Well, again, all of this is really about China because China desperately wants NVIDIA chip capacity.
00:19:45 According to Reuters, Chinese AI companies have been trying to rent NVIDIA powered computing capacity outside China, worried that the scandal involving Jensen Huang could spur Washington to tighten restrictions on the remote use of advanced processors, according to three people familiar with the matter.
00:20:01 These companies fear that the controversy surrounding Huang could add political momentum to the so called Remote Access Security Act, which is a bill that gives the Commerce Department authority to regulate remote cloud based access.
00:20:11 To restricted technologies.
00:20:12 The House passed that bill back in January, 369 to 22.
00:20:16 Again, they're very rare areas of American bipartisanship.
00:20:19 This seems like this should be one of them. 0.82
00:20:21 And again, when it comes to the Chinese government, China has stolen our IP at extraordinary rates.
00:20:30 In a 2020 speech, the FBI director Chris Ray called Chinese IP theft one of the largest transfers of wealth in human history.
00:20:36 But it's not just IP theft, it is misappropriation, it is grabbing our technologies.
00:20:43 China, of course, donates extraordinary money to American universities.
00:20:47 They have an enormous number of foreign exchange students here in the United States.
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00:21:53 The chair of the Select Committee on China, Representative Moulinar, is calling for export controls.
00:21:57 And of course, is totally right about this.
00:22:00 Mulinar says Jensen Huang's firing from the company he founded is an unfortunate end that could have been avoided.
00:22:05 It is in our national interest for NVIDIA and other AI companies to succeed.
00:22:08 But American companies should never jeopardize our nation's security by giving Chinese companies access to their most advanced chips.
00:22:14 NVIDIA must now change its corporate practices and appoint leadership that makes national security its top priority.
00:22:20 In Congress, we must act quickly to pass bipartisan export control legislation in the year end national defense bill.
00:22:25 That obviously should happen.
00:22:27 It obviously should happen.
00:22:29 Now, what does this mean?
00:22:30 Well, in the AI markets, it means NVIDIA is going to take a heavy hit.
00:22:33 Again, NVIDIA is largely perceived as, and in some ways is, a one man show, which is kind of incredible.
00:22:41 Jensen is a founder.
00:22:42 And as a founder, that means he had inordinate capacity to shape the company around him.
00:22:47 This is why you can see NVIDIA's stock plunge right here on the graph versus the SP over the past year.
00:22:54 Look at NVIDIA.
00:22:55 Wow.
00:22:56 Just taking a massive, massive hit, like down 15% over the course of the last couple of days.
00:23:04 And that is happening for a reason.
00:23:05 President Trump is already looking for some sort of successor to stabilize the company.
00:23:09 He's pitching Tim Cook, who just left Apple at the age of 66.
00:23:13 He said, A legend replaces a legend.
00:23:16 Elon, for his part, says he would still hire Jensen.
00:23:20 He put out a statement that would be an honor.
00:23:23 Now, again, you don't have to be anti Jensen to recognize that something is a little fishy here.
00:23:29 Again, I just don't believe the story that the reason that Jensen resigned is because he was shipping ladies, not his wife.
00:23:35 I think there is something to the Chinese spying angle.
00:23:38 I think there's probably something to the export angle.
00:23:41 It feels to me as though Jensen stepped down to act as a heat shield for Nvidia, especially because there's no succession plan.
00:23:50 According to the Wall Street Journal, Jensen Huang summoned his top finance executives to his office this summer.
00:23:55 The AI economy, backstopped by Nvidia's 2.42% decrease in stock price, increasingly outrageous bets, was teetering, and Huang wanted to make sure they were getting it right.
00:24:05 Over the course of the meeting, he proceeded to tear into the woman who will now be taking over for him as NVIDIA CEO.
00:24:11 Colette Kress, he said, was a deer in the headlights.
00:24:14 He had summoned Kress and his senior finance team to diagnose a ballooning problem, according to the Wall Street Journal.
00:24:18 NVIDIA was in talks to provide billions of dollars of guarantees to companies that couldn't afford its chips.
00:24:23 So, basically, what NVIDIA would do is they would provide a paper loan to companies that wanted to purchase their chips with the idea that those companies would then be addicted to the NVIDIA tech stack and, as they grew, would pay back those chips.
00:24:36 Apparently, a lot of those deals involved Huang's son in law, Nico Caprez, who had been offering upstart cloud providers and data center developers financing in the hopes of turning them into long term customers.
00:24:46 Huang apparently had launched a deal making spree and was now starting to question whether it had gone too far, according to people familiar with the matter.
00:24:53 Kress, said Huang, was a reporting CFO, not somebody who could help him define strategy or make decisions.
00:24:59 And then he described what was happening with the company.
00:25:01 He said major cloud providers were running away from NVIDIA, making plans to use alternative chips and lessen their reliance on the firm.
00:25:07 Even worse, said Huang, the vast supply of chip wafers and memory NVIDIA had committed to buying were coming at him like an avalanche.
00:25:13 In other words, the costs were radically going up.
00:25:17 In the spring, Huang's son in law Caprez and another vice president, Raj Mirput Puri, told prospective business partners NVIDIA could arrange credit support deals within a couple of weeks.
00:25:26 Dozens of companies lined up, hoping that NVIDIA's backing would bring down their borrowing costs.
00:25:32 In exchange for the credit support, NVIDIA proposed cloud providers share a cut of their revenue.
00:25:36 Amid the rollout of the program, Kress raised questions, including how to decide which deals to pursue, how to value the guarantees, how to calculate the ROI, the return on investment.
00:25:45 Behind the scenes, she was trying to rein in Huang's son in law.
00:25:48 Who had been promoted to vice president in January?
00:25:50 NVIDIA pushed ahead anyway.
00:25:52 The company was in talks with OpenAI to provide a financial backstop for the largest data center deal ever in an Ohio facility that would be the largest on planet Earth.
00:26:01 OpenAI was in talks to lease the entire campus, which it would fill with around $300 billion worth of NVIDIA chips, and NVIDIA would essentially make a loan to OpenAI to make all of that happen.
00:26:14 In July, the Wall Street Journal reported NVIDIA was considering providing a $250 billion backstop for the project.
00:26:20 The very next day, NVIDIA shares.
00:26:22 Fell by 5%.
00:26:24 So, again, the tech provider here, NVIDIA, they're mostly interested in making sure that other businesses are dependent on them, whether they're Chinese or whether they're American.
00:26:35 But can Jensen be easily replaced?
00:26:36 The answer there is no, which, again, is the fact that he is not easy to replace, which is why I tend to think that there is something going on here other than lady problems.
00:26:48 According to the Financial Times, by the way, Ty Kim, who wrote the NVIDIA Way, which we quoted, On the show the other day, he wrote in a blog post on Thursday that there are only two choices for chief executive ARM boss Rene Haas and Ian Buck, who leads NVIDIA's critical data center business.
00:27:05 Ian Buck is not part of Huang's inner circle, he says, but he commands enormous respect.
00:27:10 Rene Haas is the current boss of rival chip maker ARM, and Haas worked at NVIDIA until 2013.
00:27:17 But some NVIDIA employees are calling for Jensen Huang to return.
00:27:22 One employee went as far as sending a company wide email declaring, That he wanted transparency into Huang's exit.
00:27:28 He said, I stand by Jinsen, not because I believe any person is infallible, but because I refuse to believe that standing for fairness must mean standing at a distance from someone whose leadership has meant so much to us.
00:27:39 Now, again, all of this feels as though this is going to spin very quickly out of control.
00:27:44 Whatever is uncovered next, if it turns out that Alice Huang is a spy, if it turns out the government knew Alice Huang was a spy, if it turns out that information was conveyed to the Commerce Secretary or alternatively to the president, and that export controls were loosened anyway, that investigations into Megaspeed.
00:27:58 The alleged Chinese spies company were shut down.
00:28:00 If any of that stuff is true, you are talking about a cataclysmic scandal.
00:28:04 It goes to corruption, it goes to tech, it goes to foreign policy hawkishness.
00:28:08 It's all a gigantic, gigantic problem.
00:28:10 Now, one thing that I will say here is that it would behoove Democrats to work with Republicans in shutting the door here.
00:28:19 This should be an area of bipartisan agreement. 0.57
00:28:21 It should be an area of bipartisan agreement that China needs to be stopped, that we should not be shipping our sophisticated microchips to China, that we should be suspicious of China.
00:28:30 Unfortunately, there is a large scale wing of the Democratic Party that continues to pretend that China is fine.
00:28:37 That wing, of course, is led by Hassan Piker.
00:28:41 Hassan Piker, who is still out there receiving glowing interviews from Ezra Klein over at the New York Times.
00:28:45 Now, honestly, I expected more of Ezra.
00:28:47 I'm not sure if that was ill founded or not.
00:28:50 But here was Hassan Piker, again, heavy influence in this last election cycle, explaining that he wants people to read about Chairman Mao and how they shouldn't really be biased against the evil dictator responsible for 40 million deaths.
00:29:04 Mao, the man who built China by Philip Short, is dense, like 800 plus pages, but I think it does a very good job of explaining his development, his history, without.
00:29:17 Without veering into like state propaganda or anything like that, but it also doesn't like automatically demonize him.
00:29:23 He just looks at him as a historical force.
00:29:26 Black Shirts and Reds by Michael Parenti.
00:29:29 He is somewhat of a controversial figure.
00:29:32 He recently passed away.
00:29:33 I think it's good for the New York Times readership to try to develop a different understanding of countries and systems that are so foreign, so alien to us.
00:29:47 Can you describe what makes that book controversial for people not familiar with it?
00:29:52 It talks about how fascism and capitalism serve the same masters.
00:30:00 Now, again, he's just quoting open Marxists.
00:30:02 That's all he is doing.
00:30:03 He's quoting the Marxist regimes.
00:30:05 He is defending Marxist regimes.
00:30:08 There's a part of the left that is perfectly willing to let China win.
00:30:11 I mean, Hassan Pekker literally has a Chinese flag that flies behind him in his studio.
00:30:15 And if there is a good hearted left remaining in America, if there is a good hearted Democratic Party, this is why you need to break off from your DSA friends, because they ain't your friends, actually.
00:30:24 We'll get to more on this in just one second. 0.83
00:30:26 First, you know, we talk a lot about people doing dumb things on this show. 0.97
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00:30:39 I will pay whatever you want.
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00:30:42 Just take it.
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00:31:28 All of this, by the way, is reliant on a deep and abiding inability to understand basic things about the world.
00:31:34 Amazing clip emerged from November 2025 of Hassan Piker on the Trigonometry podcast, where he was talking with my friend Constantine Kissen.
00:31:43 And let's just say he doesn't understand tyranny, authoritarianism, communism.
00:31:47 He doesn't understand any of it. 1.00
00:31:48 He's a fool. 0.99
00:31:51 But I would say that in the United States of America, for example, we also. 1.00
00:31:56 Experience a similar dynamic.
00:31:57 We just don't see it in the same way because it's not the most direct form of authoritarianism.
00:32:02 Where a lot of people think, well, as long as I can eat a Big Mac, you know, as long as I can watch TV, as long as I can consume porn and, you know, gamble on the unregulated cryptocurrency market or gamble my modest income away, what remains after I give the rest to my landlord, then, you know, things are probably fine.
00:32:24 And I think we dull our sensibilities in that regard.
00:32:27 And I think it's a different form, it's a different mechanism of control that makes you think that you are actually an active participant in this.
00:32:32 Well, I mean, I think that's quite a stretch, Hassan.
00:32:36 To be fair, you're a very successful.
00:32:38 I agree with you.
00:32:39 You in China or in the Soviet Union would be killed if you were critical of that regime.
00:32:43 I would definitely be jailed.
00:32:47 Okay, but just because he understands you'd be jailed in China if you were dissident doesn't mean he's not a fan of the Chinese, of course.
00:32:53 It is the same thing Hassan Piker does now.
00:32:55 Again, he has no moral sense at all.
00:32:58 Here he was on Ezra Klein's show saying there's no difference between being a Zionist, meaning you believe in the existence of a Jewish state, and being a KKK member, which.
00:33:07 Wow.
00:33:08 Just wow.
00:33:11 I think that there is no difference between a KKK member and what I'm describing in my personal experience and what I've seen and what I've heard and what my anti Zionist Jewish friends have talked about in terms of their own conversations. 0.61
00:33:27 Again, if the Democratic Party moves in that direction, they're opening the door back to the Republicans, so long as the Republicans actually do what they have to do. 0.56
00:33:34 And this brings us back once again to the NVIDIA of it.
00:33:37 The number one issue.
00:33:38 In this last election cycle, it was corruption.
00:33:41 It was the number one issue, not cost of living, not Iran, not immigration, corruption.
00:33:46 That's what it was in every single poll.
00:33:48 And if it turns out that there's a corruption story involving literally the most valuable company on planet Earth and top members of the administration, that's going to be quite terrible.
00:33:57 And so it behooves the administration, if they wish to steer clear of that, to be completely transparent about this, to fire anybody who was involved, and to ensure that nothing like it ever happens again.
00:34:06 There's a point that was being made by Senator John Kennedy of Louisiana.
00:34:09 Here he was talking about what happened to Republicans on election night.
00:34:14 A smart man washes his hands after he urinates.
00:34:22 A wise man doesn't urinate on his hands.
00:34:30 We need to stop urinating on our hands.
00:34:37 And the only way we can actually do that in the remaining time we have left is through reconciliation.
00:34:47 Well, I mean, agree.
00:34:49 Do not pee on your hands.
00:34:51 Don't do it.
00:34:52 Not like Moises Alou, the hitter who used to pee on his hands to soften them before he played bass.
00:34:55 Don't do it.
00:34:56 Don't pee on your own hands.
00:34:59 Well, I mean, that also includes not bleeping where you eat.
00:35:02 And this is why, again, the corruption issue is such a major, major deal.
00:35:06 Now, the good news is the White House does seem to be making some moves along these lines.
00:35:09 Stephen Miller, according to Politico, is about to upend the way lobbyists work with the White House.
00:35:14 According to a memo from Stephen Miller, first obtained by Politico, White House staff must receive prior approval from the office of White House counsel if they want to meet with lobbyists.
00:35:23 That seems like a good idea.
00:35:25 That seems like a smart thing.
00:35:26 But there's going to need to be a lot more of this, right?
00:35:28 All corruption, all vestiges of corruption must be wiped out.
00:35:31 That includes family members of the president.
00:35:33 It includes family members of other staff, including Howard Lutnick or Steve Witkoff.
00:35:40 Yeah, all of that needs to be on the table because again, what the American people don't like right now is not merely the chaos or cost of living.
00:35:46 It's the feeling that some people are cheating the system.
00:35:49 That is a thing they simply do not like.
00:35:51 What an amazing video you just watched.
00:35:53 Wasn't that amazing?
00:35:54 Well, you know, if you think so, head on over to dailywire.comslash subscribe to watch the full show ad free or check out this crazy story here.
00:36:03 Father, I used to feel Christ.
00:36:08 I cannot feel anything here.
00:36:20 They take me out of my bed and they brought me here and they tell me nothing.
00:36:25 What have I done?
00:36:26 Article 58, counter revolutionary activity.
00:36:30 That is all I know.
00:36:31 They have to deal with so many enemies of the state, all of whom claim their innocence, who protest, who cry.
00:36:46 There are no answers here Other than the ones they put in your mouth you'll break Today is your opportunity to demonstrate your loyalty to the people I'd like to know why I'm here of course But you already know don't you must believe in something greater than the party You will remember your duty.
00:37:15 I've told you I know nothing Leave ground like a feral animal. 0.99
00:37:21 You stink of failure. 1.00
00:37:22 You want me to lie. 1.00
00:37:24 Still a drunk. 1.00
00:37:25 Damn you! 1.00
00:37:28 They all break. 1.00
00:37:32 Maybe.