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Ep. 2544 - A Chinese Spy, the NVIDIA CEO, and Market-Crashing Scandal

56m 11s

Ep. 2544 - A Chinese Spy, the NVIDIA CEO, and Market-Crashing Scandal

The transcript centers on a scandal engulfing NVIDIA CEO Jensen Huang, whose company is the most valuable on Earth and a dominant driver of the S&P 500. Huang, known for a flat management structure and a relentless six-month chip cadence, admitted to an affair with Alice Huang, a Megaspeed executive suspected by U.S. intelligence of spying for China. The revelation is compounded by reports that a Commerce Department investigation into Megaspeed's alleged chip smuggling to China stalled after NVIDIA contacted a senior official, and that Huang hired a crisis PR firm a year before the story broke. NVIDIA stock dropped over 4%, House committees want Huang for a closed-door briefing, and President Trump publicly defended him. The host argues Democrats will exploit the affair to paint tech and the administration as corrupt, potentially damaging the tech boom and the broader economy. The transcript also covers Thomas Massey's impeachment articles against Pete Hegseth, which allege no actual crime, and the rise of radical Democratic candidates, including Ahmed Moore's primary challenge to John Fetterman and scrutiny of Abdul El-Sayed's associates, alongside Iran tensions and the new Operation Iron Gate blockade.

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Speaker 1So, Jensen Huang is the head of NVIDIA. It's the most valuable company on planet Earth. And his zipper may have just cratered capitalism. Okay, man, Jensen Huang. So, as we just noted, NVIDIA is the most valuable company on the planet. It makes the sophisticated graphics processing units, the GPUs, the microchips, that power everything from gaming to the AI revolution. NVIDIA currently represents somewhere between 6% and 8% of the entire value, the entire value of the S&P 500. Since 2024, NVIDIA has been responsible for somewhere between 20% and 25% of all gains, all of them, on the S&P 500. Now, NVIDIA is an incredibly well-known company and an incredibly well-run company. Jensen is one of the most sophisticated, driven CEOs in history, and he is known this way. Okay, there is no substitute. For an excellent CEO and a bad CEO can run your business directly into the ground. That means that NVIDIA is running in a unique way, and it revolves around him personally. For example, his management structure is totally flat. That means that he has about 60 direct reports per day. So, typically, when you run an organization, let's say you have the person who's the CEO, and they have a COO and a CMO and a CFO, and they delegate to those people. Those people have direct reports to them who have direct reports to them. That's not what Jensen does. Instead, he basically has everybody report directly. Directly to him. Well, there's a very good book called The NVIDIA Way by an author named Ty Kim, who explained the NVIDIA strategy. Quote, Jensen announced to his executive team he had figured out how to keep NVIDIA ahead of the competition forever. We're going to fundamentally restructure the engineering department to line up with the refresh cycles, he said. NVIDIA would split up the design team into three groups. The first would design a new chip architecture. The other two would work in parallel to the first to develop faster derivatives based on the new chip. This would allow the company to release a new chip. Every six months in line with PC makers and buying cycles. So in other words, NVIDIA has stayed ahead of the game because they are constantly reinvesting their profits into building the next thing. And they are doing so on a six month cadence. So it means that no one can ever catch up to them. The big mistake huge corporations make is they sort of consolidate their gains and then believe that nobody else will ever catch up to them. And that's not what Jensen does. Instead, he keeps the company running extremely hard. Now, a lot of this is personally dependent on Jensen Huang. So according to the book, Jensen has. Run the company for 32 years at the time of publication, more than half his life. NVIDIA is bigger, more profitable and more crucial to the global economy than ever before. And it still relies on Jensen as a business leader and a tone setter. Apple survived the ouster of Steve Jobs in 1985 and his death in 2011. Amazon, Microsoft and Google all did well after Jeff Bezos, Bill Gates and Larry Page and Sergey Brin wanted to move on. Someday, NVIDIA will have to face a similar transition. It is not quite clear what the company might look like post Jensen. Now, this author, Ty Kim, talked to Jensen at the time. He wrote the book about how greatness is achieved. And here's what Jensen said, quote, Greatness is not intelligence. Greatness comes from character. And character, in his view, can only be the result of overcoming setbacks and adversity. To Jensen, the struggle to persevere in the face of bad and often overwhelming odds is simply what work is. It is why whenever someone asks him for advice on how to achieve success, his answer has been consistent over the years. I wish upon you ample doses of pain and suffering. All right, well, great. Except that now the pain and suffering are here and they were brought about by Jensen. So let's start with this and the climate of America right now. Americans don't like the tech bros. Doesn't matter. The tech is powering America's economic growth right now. They're worried about AI data centers. Last week, voters across the nation rejected new AI data center development, despite the fact it's creating jobs and economic growth. Voters are worried about AI development because you have people like Dario Amodi over at Anthropic saying that AI development will end with nuclear annihilation. People are deeply worried about AI's impact on, for example, job markets. Now, simultaneously, while voters are very concerned about AI and tech, they are also highly concerned about corruption. That was literally the top issue in the election last week. Not cost of living, not Iran, not AI corruption. They are worried that people are making bank off of their connections while they themselves are lagging economically. Now, to add insult to injury, an October political poll show showed that a plurality of Americans believe that all the major tech CEOs are Republican. Now, that isn't remotely true, for example. Again. Again, Amodi is pretty obviously on the Democratic side of the aisle, but it does lay the groundwork for something that I've been warning about since literally the inauguration of 2025. The alignment of the Trump administration with the tech bros makes it look as though they are in bed together. And if it looks as though they are getting special privileges, that will all come crashing down if there's a width of corruption, if there's a hint of corruption, and Democrats will jump on that with both feet. Well, now we're here. Now we're here. So, on Sunday, NVIDIA had to open an investigation into. It's chief executive and co-founder, according to the New York Times, after he acknowledged to the company's board that he had been intimate with a business executive who U.S. intelligence determined was a Chinese spy. So he got swallowed, in other words. Huang's relationship with the woman, who goes by Alice Huang, became a U.S. government concern after surveillance revealed she was feeding information directly to Beijing. The revelation raised troubling possibilities because Huang is one of the most powerful figures in the AI revolution as an influential ally of President Trump as well. In a message to the company, Jensen Huang apologized. He apologized, quote, I was unfaithful to my wife. My actions hurt her and our children. There's no excuse for what I did. I'm deeply sorry. Now, NVIDIA, of course, they're saying that there is no reason to believe national security was compromised or that NVIDIA's secrets went the way of the Chinese, that the board's inquiry will examine all available information. Well, listen, they're stuck between a rock and a hard place. NVIDIA without Jensen is not NVIDIA, and everyone knows it. Okay, so who is the honeypot? Who is this Alice Huang character? Well, all the circumstances surrounding the honeypotting of. Jensen Huang are murky, but I'll tell you what needs to be clear. Your cell phone coverage that needs to be clear, which is why I use pure talk and you should as well. Right now, you're probably paying way too much for your cell coverage. Well, don't do that. Switch on over to pure talk dot com slash Shapiro. Make that switch in as little as 10 minutes. Again, that's pure talk dot com slash Shapiro from limited data for life with pure talk. Pure talk is going to give you the best coverage available. They shout out our networks with the big guys. Also, they have the best deals available in the entire industry. I've been using pure talk for years. I value my calls and I value my money. And that's. That's why I use pure talk. Also, they happen not to hate you for your politics, which is another good reason to patronize some of our advertisers like pure talk. Check them out right now. Pure talk dot com slash Shapiro. Unlimited talk, text and data for just twenty nine ninety five a month for life. That is their top tier unlimited plan that was normally sixty five bucks a month. Now you can lock in that lower rate and save more than 50 percent every single month. No contract, no cancellation fees. It's pure talk dot com slash Shapiro. Takes just a moment to switch and then again, lock that right in for life. So according to the New York Post, she served. She served as a top executive at the Singapore based Megaspeed, which is an NVIDIA customer and cloud partner that provides AI computing power to Chinese companies, including Alibaba. Before she entered the world of finance, Alice had worked as a reporter for CCTV, the national broadcaster of the Chinese state, and also Hunan TV, a regional broadcaster in central China. According to her LinkedIn biography, she then moved on to Chinese financial companies and the London based HHBC's private banking division. She also worked as an executive at the Shanghai Hexi. She's an investment firm that backed Seven Road International, which would later become Megaspeed. Now, American officials, according to the New York Post, believe that she was recruited at some point by the Chinese Ministry of State Security to spy for the country's main intelligence agency. Now, here is where things start to get really, really dicey. The Commerce Department first flagged Alice as a suspicious actor during the end of the Biden administration, following her sudden rise to the top of Megaspeed. Now, this is already bad enough, right? All this is bad enough. NVIDIA was compromised by a Chinese honeypot that immediately raises questions as to what the Chinese knew about NVIDIA's tech. And again, bleeding edge tech for NVIDIA means if China got a hold of it, it'd be significantly more competitive, not just in AI, but in defense tech that is linked to AI. It also means the Chinese might have known about NVIDIA's lobbying of the federal government to allow sales of NVIDIA chips to China. But it gets even worse than that. Because again, if you show ties between that and the administration, then the Democrats have all the leverage. They have all the leverage in the world to apply against the tech companies generally. And it now appears that the Commerce Department was fully investigating Alice Huang's Chinese-backed company, and then NVIDIA apparently stepped in and told them to stop. And this is where things get really, really kind of ugly. According to the New York Times, investigators at the Commerce Department were deep into a months-long investigation of a Singaporean company they suspected of smuggling NVIDIA's artificial intelligence chips into China when their work came to a sudden halt late last year. The investigation centered on Megaspeed. Megaspeed is a data center company led by an executive who U.S. officials now believe to be a Chinese spy who had a relationship with Jensen Huang. It is not necessarily unusual for a Commerce Department agent working on a case to speak with a company's representatives about issues involving their firm. But what was unusual was the content of the message. Tim Teeter, NVIDIA's general counsel, said that Jeff Kessler, a top official at the Commerce Department, had given NVIDIA permission to reach out about the case. The agents were alarmed that NVIDIA had invoked the name of Mr. Kessler, their superior, who is now in office. The incident raised questions about what Mr. Kessler, who reports directly to the Commerce Secretary Howard Lutnick, who, again, the Commerce Secretary Howard Lutnick, his net worth has gone up massively during this administration, had discussed with NVIDIA. Perhaps inadvertently, some officials said, Mr. Kessler had opened himself to accusations of undue influence and potentially jeopardized his department's work on Megaspeed. So, again, what does that look like? To an outside point of view, and to Democrats, who will certainly make hay while the sun shines out of this, this looks as though Jensen Huang was smuggling NVIDIA's artificial intelligence chips into China when their work came to a sudden halt late last year. sleeping with a Chinese spy. The Commerce Department was invested. investigating her nonsense Chinese-backed company. And then there was a coordination that took place from the highest levels of the Commerce Department with NVIDIA, and then the investigation suddenly went and just went away. Well, that is really, really bad. That's really bad. And not just that. It turns out, according to Wired, Jensen Huang began working with a crisis communications firm known for handling public scandals a year before he admitted to having an extramarital affair with a woman suspected by U.S. intelligence of being a Chinese spy. Risa Heller is the firm's founder, and she has built a reputation as a fixer for powerful men facing allegations of sexual misconduct and other personal controversies. So again, literally a year ago, like October 2025, Huang reached out. So about the same time, apparently, that the Commerce Department killed the investigation into this Chinese-backed company that featured the honeypot. About that time, Jensen, started hiring a crisis firm. So for like a year, this has been sort of brewing. Unsurprisingly, NVIDIA stock dropped more than 4% on Monday after Jensen Huang admitted to having an affair with the alleged Chinese spy. Now, other chip stocks started to climb. The good news about capitalism is NVIDIA isn't the only game in town. Broadcom and AMD rose 9% and 13%, respectively. However, again, this is going to open the door. It's not just about what happens to NVIDIA here. That's a huge issue. What happens next with NVIDIA? It is about what Democrats are going to use all of this to do. Democrats will use the appearance of impropriety here and the appearance of corruption to bring down the tech boom about our ears. That is the goal. I promise you that's where this is going. Again, it is a big risk for NVIDIA because Jensen Huang doesn't have a successor over to NVIDIA. It's not like he steps out and he just hands it over to somebody similarly qualified. It's not Steve Jobs handing it over to Tim Cook or something. And again, there's going to be bipartisan outrage here because Republicans are upset about the Chinese angle to this, and Democrats are upset about the fact that, again, tech companies exist in the first place, but they are very particularly upset with these tech companies working with the administration, and they see an opportunity to make political hay. If the number one issue is corruption in the last election cycle and people are dyspeptic about AI, what a wonderful story for Democrats. Here we go. Here's AI and corruption all wrapped up in a ball together. Isn't that nice for them? Well, the House Foreign Affairs, CCP, and Intelligence Committees have now requested that Jensen Huang appear for a closed-door briefing. They put out a statement, quote, we are writing to request that you appear before our committees for a joint closed-door briefing on NVIDIA's security protocols against foreign adversary espionage and your interactions. They publicly reported PRC asset, Megaspeed executive Alice Huang. Supposedly, they've asked him to appear next week. President Trump, for his part, came out yesterday in defense of Jensen. Here's what the president had
Speaker 2to say. I just know Jensen very well. I just think he's a very honorable man. I mean, he built a great company, American company, and I think he's a very honorable guy, and I feel very confident that he'll be in good shape. When you went to China earlier this year in May, did you know about these alleged ties with the Chinese spy then? No, I didn't hear about it then, but a lot of people have heard about it. I've heard a lot of people have heard about it. I've heard a lot of people have heard about it, and Jensen totally denies that. I asked him today, because I did speak to him today just to see if he's feeling all right, how you're doing, and I asked him about that, and he said he had absolutely no idea that the person in question was a spy.
Speaker 1Well, I'm sure that he didn't know the person was a spy. Normally, you wouldn't be stooping a person you knew was a spy. Now, again, there's the scandal itself, which is bad, and then there are these spillover effects to all of this. Democrats are looking, for a story just like this. They are looking to crack down on tech as a matter of populism. This is a perfect excuse. There are some Republicans who are anti-tech as well. They'll join in. Liquidity will dry up as the investigations begin. Stock market investment will drop. That is at least in part why Anthropic looks like they're going to drop their IPO plans. They were about to, by the way, file an IPO at $1.3 trillion, their IPO, the single biggest IPO in human history. But it is far below the $2.3 trillion. figure that had been floated months ago. So, again, what we are looking right now, Anthropic might push forward. They're going to do so at a lower level. Maybe they feel like they got again while the getting's good, right? Maybe they feel like now is the moment because, again, things are only going to go down from here. So, if you don't wish to, you know, IPO three years from now when the market is lower, then now is the time you have to do it. And here is the biggest thing. Here's the biggest thing here. The Democrats who just joined Congress have no incentive not to strangle the economy. None. On a political level, the incentive structure is actually the other way around, right? It is totally in their interest for Democrats for the economy to crater. Well, as I say, get ready. Democrats, you know, they're fine with cratering the economy. In fact, it serves them politically, which is just one reason you might want to diversify your asset base. Let's be real about this. The people in government control way too much of the movement of the economy. And that means, given our national debt, it means almost certainly inflation. It means economic slowing and all that stuff. is on the horizon, which is just one reason you should diversify. And this is why you should give my friends at Golden Crest a call. They'll explain how eligible IRA or 401k assets may be moved into certain physical precious metals through a properly executed rollover without current taxes or early withdrawal penalties. They'll send you their free 2026 precious metals info kit. No obligation, no sales call required. Read it and decide for yourself. Plus, qualifying purchases can receive up to $25,000 in free silver. Call them at 888-429-3999. Text Ben to Metals 638257, or visit GoldenCrestMetals.com slash Ben. In times of uncertainty, precious metals have always been a hedge. I don't know, things feel kind of uncertain to me. You too? Call 888-429-3999, or text Ben to Metals at 638257, or visit GoldenCrestMetals.com slash Ben. Let me take you back a little bit of history here. Because again, I've been doing this for 25 years. In 2004, the Republicans won. George W. Bush won reelect. By 2006, the Democrats had taken control of Congress. But remember, Bush was still president. The economy tanked in 2007. The responsibility was not placed on Bush and the Democrats. It was placed just on George W. Bush. And in 2008, Barack Obama was elected president of the United States, and soon after had a super majority and rammed through Obamacare. Bad economies with Republican presidents end in catastrophe for those Republican presidents and for their heirs. So again, Democrats have every, every intention right now of hard driving this thing into the ground. By the way, this is not about principle. It's not that Democrats are particularly upset about Chinese spies. Remember, Chinese spies exist all over the United States, disproportionately in Democratic campaign offices. You might remember that Christine Fang Fang cultivated California politicians, including Representative Eric Swalwell, before leaving the U.S. in 2015. You might remember Linda Sun, a former aide to New York governors Andrew Cuomo and Kathy Hochul, was charged with money laundering and being an undisclosed agent of China. You might remember an actual mayor of Arcadia, California, charged in May 2026 with one count of acting as an illegal agent of China. She pled guilty. And of course, we have seen indictments for technology theft, including a 2019 case against Huawei. A former Google engineer was charged with AI trade secrets in 2024. Chinese medical students arrested in 2019 at Boston Logan. Three men charged with conspiring to send AI technology to China. Now, again, it's not as though Democrats are very much against all of this. And many of them are very pro-China, right? Assan Piker literally has a flag of China in the background of his studio. Assan Piker, who's the id of the Democratic Party, would be happy to see China win, for goodness sake. Here's Assan Piker yesterday.
Speaker 3I personally don't give a shit. I want them to copy the chips, and I want to have cheap RAM. I want to have cheap GPUs. I want to have cheap RAM. Give them not just the chips, but the lithography machines. Make them, you know, have access to the microchip technology pronto. We want to flood the market with Chinese copies, okay? That's what I care about. I don't give a fuck about the national security implications here. That's just me. So whatever kind of Chinese strange Jason Huang needs to get involved with to make that happen, I am in support of it, okay? Honeypots for everybody.
Speaker 1Remember, remember, this isn't about fighting China for a lot of these Democrats. It's about convenience. And this story is a Democratic Party dream come true. Is it a recession? Packaged. In populism? Packaged in a corruption narrative. It's an onion of joy for Democrats. And again, it just raises the very real aspect of human life on this planet, which is that everyone is weak. Everyone is sinful. People make mistakes. People do things that are stupid. The smartest people you know will do dumb things. A Jason Huang, a brilliant human being, one of the richest people on planet Earth, was drawn into a Chinese honey trap because, again, men still are men and still have zippers. And that will never stop. Not ever. But if the countervailing effect of this is to destroy the tech boom, if the countervailing effect of this is all going to be Democrats dragging up every major tech CEO and reaming them and dragging them over the coals and connecting them with the Trump administration and taking Trump administration, corruption and tying it to the tech sector. What you're gonna get is a recession and then people will blame the recession republicans and then democrats will be elected on the back of a recession they hope cause so you know great job everybody really really well done all of this you know it's scary for your pocketbook it is and this is why when people have done this sort of populist routine where they say oh who cares about tech now is tech is do you work in the tech sector what do you care about tech and the answer is as we discussed last week when the stock market saw a massive dump it turns out that the tech sector affects everyone not just how you do your work but also your 401k how people invest what happens to liquidity how easily you get a loan it is all affected it is all affected so one of the tragedies of human life is that human frailty is capable of having massive externality meanwhile in other news representative thomas massey who is on his way out remember that he was defeated in a primary in kentucky because he decided to run on the issue of israel in a district that has 500 total jews representative massey on his way out he needs some strange new respect he must have it he must have it and so in order to grab a few headlines as the door hits him in the ass he has now introduced articles of impeachment against pete hegseth the secretary of defense here is representative thomas massey making sure to grandstand one last time
Speaker 4the form of the resolution is as follows impeaching peter brian hegseth secretary of defense for high crimes and misdemeanors resolved that peter brian hegseth's secretary of defense also referred to as secretary of war by the administration is impeached for high crimes and misdemeanors and that the following articles of impeachment be exhibited to the united states senate okay now this
Speaker 1is actually a reintroduction of articles he filed back in september before the recess but now because the republicans did so poorly in the election he feels like this is a great way of attacking the administration now it's kind of fascinating here is he doesn't go right at trump because he understands that if he tried to impeach trump then the republican party would stand up and say no so what he's trying to do is draw away a few sort of rogue republicans to his side to build on his nascent anti-republican movement right again i said this before the election there is a wing of the republican party that wanted to watch things crash and burn so they could pick up the pieces that was the goal many of them openly campaigned for this it is not as though they're rooting for republicans and then republicans lost they're rooting hard against the republicans and were overjoyed when republicans did poorly last week and somehow those people are going to be credited with what republican resurgence here okay anyway thomas massey he filed these articles these articles are nonsensical they are nonsensical there is no crime alleged remember impeachment is for high crimes and misdemeanors there's not a misdemeanor alleged there's not a hate crime alleged there's no crime alleged it's a bunch of stuff he doesn't like so article one here is starting the iran war without authorization now you may note that actually the person who authorized the military action was the president of the united states this should be directed against the president but because thomas massey is still scared of the president he is going after pete hegseth he says that because joe kent said there was no imminent threat there must not have been an imminent threat now again this is silly the president has constitutional authority to order connecticut action without a declaration of war or congressional authorization it happens literally all the time i know there are a lot of people who are saying what what about the congressional declaration of war okay the last time congress officially declared war like really not not a authorization to use military force like a full-scale declaration of war was world war ii we've had a few conflicts since then the imminence by the way under the law does not require a threat within hours or days it's sort of vague and joe kent is a ridiculous figure who has discredited himself a thousand times over so article one nonsense article two is defying a congressional order to withdraw from iran so on june 23rd congress passed a resolution to remove forces from iran massey claims that hostilities continued on june 26th number one concurrent resolutions which is what happened here the house and the senate voted at the same time and the president was not given the power of veto it does not fulfill the bicameralism and presentment provisions of the constitution plus let's be real about this i know that everyone forgot about this hostilities have not been in a state of active military conflict since approximately june april if you go all the way back i've been a couple of sporadic strikes like full-scale warfare basically ended with a state of active military conflict with the ceasefire in april and then the mou collapsed in june and then it just turned back into blockade a blockade is not an an authorization of war it doesn't require a congressional authorization of war article three is the 60-day war powers clock so president trump sent congress a war powers notification march 2nd it expired may 1st and there was no extension of it but number one the war powers act violates the president's executive authority it has never really gone all the way up to the supreme court level but that's what would happen the idea that the the congress can claw back the president's executive authority under the constitution is wrong and again ongoing military operations does not mean war right there are ongoing military operations for the united states all around the globe that doesn't mean they're in violations of the war powers act hey article four is an accusation that pete hegseth basically is responsible for the hit on the manab elementary school in iran in which 156 were killed mostly and thomas massey is trying to claim it wasn't an accident that this was basically because pete hegseth fired his judge advocate generals like the lawyers in the military saying things that like maximum lethality not tepid legality and restricting the pensacom press corps again this is just nonsense accidental strikes on civilian targets are not impeachable that is just a normal feature of war unfortunately we wish that war were totally antiseptic obviously we wish that no one innocent were ever killed that is not the way war works there is zero evidence of a systemic policy to strike school children in iran on purpose without military target value so it's just nonsense okay article five and we're going through massey's stuff here because again democrats are probably going to try this again in january or february article five is an accusation that there were extrajudicial drug boat strikes right that some 243 people were killed in the caribbean and eastern pacific in strikes on drug boats now again the government argues we're in armed conflict with foreign terrorist organizations and hegseth is going to argue correctly that he relied on military lawyers now what massey and others are claiming is there was one report that hegseth basically said you should blow these people away when they're in the water already double tap them right there's a drug boat you hit the drug boat they're a bunch of people in the water and now you kill them there's no evidence of a direct kill order from hegseth the people who are or to combat meaning that they were out of combat because they were floating in the water okay so that one again nonsense article six retaliation against mark kelly so you remember that mark kelly the senator from arizona basically told the troops to refuse illegal orders but it could be read as though he was telling them to just refuse orders altogether and the pentagon threatened to court-martial him and order a review now again it can certainly be construed that kelly was telling people to defy orders and he says illegal orders it all depends on mark kelly's definition of illegal also administrative proceedings are not corporal punishment okay article seven in these impeachment articles seizing maduro the argument is that operation absolute resolve on january 3rd 2026 is not a criminal offense it's a criminal offense it's a criminal offense it's a criminal offense use special operators to strike caracas and capture maduro and his wife and he says the congress should be in charge but this was an arrest operation the president has substantial authority to conduct law enforcement operations at home and also abroad and also we should point out at this point that again if he doesn't like it he should take it up with the president the defense secretary is just performing his function article eight same thing it's the campaign in yemen there are some 1100 strikes over 52 days this past march because the yemeni houthis were attacking shipping and they're not doing anything they're not doing anything they're not doing anything in the babel mandem strait and so he is claiming that congress wasn't notified again these were strikes on yemen's offensive war making capacity and if you want it if you don't like it you can take it up with trump but again not one of these charges actually alleges a crime under the u.s code forget high crimes or misdemeanors none of this is an actual statutory crime at all like at all whatever the impeachment charges brought against president trump last time around or the last two times around this is somehow substantially weaker than either of those and both of those are weak here's secretary of defense pete hegseth responding
Speaker 5do you have enough um republican support to defeat impeachment articles this week oh
Speaker 6we're not worried about that i'll tell you this actually i hope all of you will join us we're going to do a press conference tomorrow morning at the pentagon on that very topic so i'll save my remarks there i hope you all come uh loaded for bear with your questions okay and
Speaker 1uh indeed pete hegseth then did a presser alongside president trump and he said uh yeah we've seen this routine before
Speaker 6you see we've seen this show before they impeached president trump over a perfect phone call they impeached him again in his final week in office both times they failed both times he came back stronger and the american people sent him back to the white house now they're trying a third time this time against a member of his cabinet they will fail again and if standing with president trump puts me in that company i'll take that company every day of the week and the president
Speaker 1then himself came out and went after thomas massey here he was yesterday did you watch
Speaker 7uh senator thomas massey and lay out his articles of impeachment this
Speaker 2no i don't watch massey look massey's a loser um he shouldn't be taking up the time of uh congress or the senate or anything that he's doing the guy's a stone-cold loser would always use the republican always Always he would vote against you. Just we could come up with the best bill we could come up with. And he would always vote against. There's something wrong with him. And I said, look, I've got to challenge him. And I challenged him and he lost in a landslide.
Speaker 1OK, well, let's be real about this. What exactly is Thomas Massey doing? Again, he's an attention whore. So literally on November 6th. He tweeted out Republicans hit a wall because they kissed the wall. And this is the kind of nonsense Massey traffics in his entire theory of politics. Is that everything he doesn't like has been manipulated by Israel and the Jews. That was what he ran his campaign on in Kentucky, and then he lost. And of course, you'll recall that he tried to launch his horseshoe party with Joe Kenz and Tucker Carlson and Marjorie Taylor Greene back in August. This is all part of the same effort, which is to undermine America's foreign policy and to undermine the president. That is his entire goal. That is what he wants to do. Get to more on this in a moment. First, when women see their babies through an ultrasound, a pre-born network clinics, 80 percent choose life. Why? Well, because ultrasounds make a difference. They're huge. I mean, if you've ever seen an ultrasound of your child, it changes your life. The ultrasound changes your life because, you know, it's kind of abstract until it becomes very, very concrete that, you know, the thing that's growing inside you, if you're a woman or if you're the husband or me watching the ultrasound of my children, that's not just like an abstract. That's a concrete child growing inside. Twenty eight dollars can help provide one ultrasound. Two hundred eighty bucks can help provide 10. Reach her before the pill does with your strong. This gift today down pounds, you say keyword baby, this pounds, 50 baby or visit pre-born dot com slash Shapiro. Again, a lot of women who are considering not having the baby when they see the ultrasound, it changes minds. And that means it changes lives and save souls. Go check them out right now at pre-born dot com slash Shapiro. All gifts are tax deductible. Pre-born is a five star rated charity. Go check them out right now. Pre-born dot com slash Shapiro or dial pounds, 50 and say keyword baby. That's pound 250 baby. I mean, while speaking, I'm not saying that you're going to get a lot of money for that. And there are ongoing negotiations apparently happening via Qatar with Iran. The vice president is apparently leading some of those negotiations. The Iranians are feeling pretty good about themselves right now. Mosin Razai is the Iranian National Security Council leader. He said, quote, You lost the war and the election. Vance has conceded. Rubio is headed for the exit. Hegseth is about to be fired and the CENTCOM commander is now a podcaster. So who exactly in Washington do we need to get this message across to start a war? And you'll face a devastating response. And as I've said before, Americans don't like long lasting. Military conflicts, even ones that by comparative history don't compare to, say, the Iraq war or the Afghanistan war in either duration or in effect. Americans don't like that. You know what they like? Even less losing. They don't really like losing. There are people in the administration who certainly will push for an easy L here. That is certainly a thing that is going to happen. One of those will not be Marco Rubio, the secretary of state. Here he was yesterday. You have a number
Speaker 7of countries that continue to engage them with different ideas. But I. I wouldn't say we're at the verge of a breakthrough. The president would always prefer to solve this and every problem diplomatically. Sometimes that's not possible, unfortunately. But if there's a chance to do it, we'll explore it. Right now, it hasn't been very productive because the Iranian demands are simply not just unacceptable, but in some cases outrageous and ridiculous and really not realistic.
Speaker 1For its part, CENTCOM has already released announcement of a new operation called Iron Gate. It's Task Force Iron Gate. So there's the naval blockade, which, again, is directed at stopping the shipment of Iranian oil via the Strait of Hormuz. And it's had a dramatic effect on Iran's ability to ship oil. But Iran, of course, is bordered by other countries, including the Caspian Sea, as well as places like. Pakistan and Afghanistan. Well, Iran. You know, is is basically now being blockaded from without, according to Task Force Iron Gate announced by CENTCOM. The purpose is to. Monitor, detect and disrupt any illicit movement of advanced weapons systems, dual use technology, sanctioned materials and illegal revenue streams. We have Maliki of the Foundation for Defensive Democracies points out. That since April twenty twenty six, a U.S. Naval blockade has shut Bandar Abbas and Chabahar ports that handled roughly one hundred sixty three million tons of cargo and about 80 percent of Iran's trade. But Iran has seven backdoors, Iraq, Turkey, the Caspian Sea, Azerbaijan, Turkmenistan, Afghanistan and Pakistan. And they carried about twenty two billion dollars. And trade in twenty twenty four, twenty twenty five. Since the blockade, all of those corridors show traffic is surging. And that is what that's what Iron Gate is designed to close. Now, the president, again, is trying to avoid military action.
Speaker 2More oil has come out of the straight over the last week than at any point in the history of the Harmoz Strait. So we're doing very well. But at this point, we it won't be necessary taking the military action. Doesn't. It doesn't seem to be a very necessary thing. But we're locked and loaded, ready to go for any reason that changes Israel and the entire Middle East are protected from Iranian danger and threats. And we're seeing momentum toward the end of this conflict. I think it's going to be ending fairly soon.
Speaker 1And the president's been saying that for a while, of course, and that's been part of the problem. Don't set high expectations if you can't meet them. President Trump put out a statement on Truth Social last night in which he suggested that the Middle East would. I had an excellent conversation with Sheikh Mohammed bin Abdul Rahman bin Yassin Al Thani, the prime minister of Qatar. Qatar, of course, is a cutout for Iran, where much was discussed with respect to the Islamic Republic of Iran. Most importantly, Qatar, Saudi Arabia, UAE, Bahrain, Kuwait and others would prefer the status quo. In other words, a continuation of the greatest naval blockade in history and the new Operation Iron Gate. Therefore, land and sea all have agreed that Iran cannot have a nuclear weapon that is non-negotiable. Should there be any change with respect to developments in the Middle East, the United States of America is locked and loaded and ready to go. At this point, however, that's. That seems to be quite unlikely. Israel and the entire Middle East are protected from Iranian danger and threats. We're seeing positive momentum toward an end to this conflict and will ensure that America's interests are at all times protected. At the conclusion of this military engagement, the American people and the world will be far safer and more secure. President Trump will again. The proof is in the pudding and we'll have to see how all of this develops. Here is Secretary of State Rubio explaining what the Iranians are actually demanding. It's not great.
Speaker 7I mean, right now, I mean, look, we're not going to pay Iran, you know, is demanding reparations. They should be the ones paying reparations. Because they're the ones that have, you know, destabilized the region for long periods of time. They're demanding pallets of cash, which the president's made clear is not going to happen. If they want a nuclear energy program, they should have one like many other countries around the world have. So there's things they can do. But just right now, they just don't seem, you know, at that point now, I think they want a deal. There's no doubt they'd like a deal, too, but they're just not ready to make one, apparently.
Speaker 1Again, you know, sometimes the realism of the secretary of state is wonderful to hear, given the anti realism of so many other people. By the way, it is worth noting that the IRGC continues to pursue aggressive action around the world, including, by the way, in France. France has not exactly taken a harsh position on the Iranian government of recent notes. They spend most of their time in ire on Israel and the United States. But now France's foreign minister, Jean-Noel Barreau, has accused Iran's Revolutionary Guard Corps of being involved in unprecedented cyber attacks targeting supermarket fridges last month. For 700, French supermarkets were hit in those October 11th and 12th cyber attacks, which raised temperatures in the fridges, in some cases forcing them to throw away entire inventories of perishable food. Here's the secretary of state explaining.
Speaker 7I was wondering if you had any information. Apparently, the French foreign minister, I don't know if he told you. About the refrigeration? Exactly. Well, we knew they were going to announce that today. And they said that it was the Revolutionary Guard. I mean, why is that surprising anyone? The IRGC has been conducting acts of terrorism and sabotage around the world for a long time. That's like breaking news. The IRGC is a bad group of people. That's why we sanctioned them. That's why we consider them terrorists. On this specific issue, did the United States share any information? Well, I can't comment on what we shared or didn't share. The French are quite capable, certainly, as well, in their own intelligence field. But suffice it to say that, you know, they put out there today, these people, I mean, what kind of sickos are these people that attack refrigerators? France is not even involved in this, really. I mean, if you think about it, I mean, yet they. They got attacked nonetheless, because this is what you're dealing with. You're dealing with a deranged group of revolutionaries.
Speaker 1Well, I mean, the reason that they're being attacked nonetheless is because where they sense weakness, they sense a target. France's Jean-Luc Mélenchon, who is the head of the basically communist party over in France, which is a very large party. He now says that they're going from pacifism to war real quick, but war on behalf of Hamas in Gaza. That is where we are now in France. This is what my answer to him is that, indeed, if he is still there, France will take decisive action to help the Palestinians, not only against the genocide in Gaza, but also against the gradual annexation of the West Bank. French ships, like those of Italy and Spain, will, if necessary, escort the flotillas of citizens of the West Bank. Not great, Bob, not great. elected Democrats are flexing their muscle. Congresswoman-elect Clara Valdez, who is one of the DSA members, she says they now have a mandate to abolish ICE.
Speaker 5Oh, great. But what you are looking at behind me is a mandate. It is a mandate from the American people to unrig our economy, to make our economy work for working people, and to transform this building truly into the house of the people, into the house of labor, into the house of the working class. And we have the mandate to pass the PRO Act, to tax the rich, to abolish ICE, and to end the genocide. And I'm so proud to get to work with all of my colleagues to do exactly that. Thank you so much.
Speaker 1Solidary forever. Again, they're solidary forever. Again, this is who the Democrats are going to put in a position of power. The pictures are not pleasant, folks. I mean, this is what Americans did. They wanted to punish the Republicans, so they decided that they were going to punch them in the face. They wanted to punish the Republicans, so they decided that they were going to punch themselves as hard as possible in the groin by electing some of the worst people in America to high office. This is a picture of 11 new freshman senators posing with Chuck Schumer. It is not great, Bob. Here you can see James Tallarico. Sherrod Brown is not new, but he's back. You see Peggy Flanagan. She's not wearing her Protect Trans Kids shirt with the knife on it, but she's there. Abdurrahman El-Sayed, mini Wolverine standing there behind Josh Turek from Iowa. It's awesome. It's just going to be great. Troy Jackson is there standing far in the back so he can keep tabs on all the normal humans. It's going and Chuck Schumer standing awkwardly in the center. I mean, this is what we brought it upon ourselves. Every election is a referendum on the American people, and I don't think we did great this election cycle. Now, some of this is, as it turns out, being driven, as always, by social media. Semaphore is reporting that the DNC radically changed the way social media was used for this election. Quote, while much of its focus was on X, TikTok and Instagram reels, the DNC began ramping up production of original long-form content for YouTube. The DNC sent its video team out into the country to find farmers and others impacted by Trump administration decisions and created many documentaries for YouTube, which are then chopped up into clips and distributed across other social media platforms. After White House senior aides, you know, wrote on X, the Texas Democrat James Tallarico was the party's first transgender Senate candidate. The DNC's account replied, shut up, you ugly F. The DNC's ability to distance itself from its work by seeding comments, which is why it's so important that the DNC and the DNC and the DNC and the DNC and the DNC and the DNC and the DNC and the DNC and the to seemingly independent creators and accounts is another sign that what we see on social media is not as organic as it may appear at first glance. Van Jones admitting the same. He says that the American accountability network basically ramped up its content on the social media platforms. Now
Speaker 8it can be told. Now it can be told. How did we win the narrative on affordability? Were they just these nice little Democrats out there running for office and going to? No. The Republicans never figured out what we were doing. There's something called the American accountability network. Tens of thousands of online humans, not bots, coordinated to make the affordability message a winning message online. Thirty two point five million people hit on Instagram every day. Eighty eight point eight. Eighty eight point eight million hit on Twitter X every single day. And one hundred and eighty five million Facebook hits. Every single day.
Speaker 1When we say that social media has broken everybody's brains, that is right. By the way, Business Insider is reporting over the weekend that Mamdani Platner campaign strategist Morris Katz bragged that they, quote, ran digital ads targeting people, Googling thing like my husband is cheating on me or I think my husband is cheating on me. So, again, digital strategy. Here's the here's the magic of being a Democrat. Digital strategies when used by Republicans are evil. When you use them, they're good. That is the way this works. Again, what are Democrats going to do? Well, one of the first things that they are talking about doing is going after our FK Jr. This segment is sponsored by Balance of Nature. It's kind of fascinating. Democrats theoretically have an open possibility, which is to win back the RFK Jr. crowd. Remember, RFK Jr. ran in a Democratic primary against Joe Biden. And then he was basically ousted from the Democratic Party, endorsed President Trump and became secretary of Health and Human Services. Well, now Democrats are going after him with a with a hatchet. Bernie Sanders told CNN he is now open to impeaching our FK Jr. And what
Speaker 9about what the incoming senator from South Carolina said that she wants to see RFK Jr. impeached?
Speaker 10I am absolutely open to that. The bottom line is we need a secretary of HHS who is concerned about the health and well-being of our kids and all Americans not involved in crazy conspiracy theories. So I'm open to all ideas from the House. I'm open to all ideas from Dr. Andrews or anybody else.
Speaker 1So, yeah, he's not into crazy conspiracy theories. Bernie Sanders, the captain of the biggest conspiracy theory of all, which is that elite capitalists are controlling all of your life. And that is Bernie Sanders' entire premise in life. It is a conspiracy theory, but it's RFK Jr. who's apparently the problem. Again, this is nothing new. In August 2026, the new South Carolina Democrat, Annie Andrews, talked about impeaching RFK Jr. This is one of
Speaker 11the reasons Democrats winning across the country in November is so urgent. If we take the House and we take the Senate, we can impeach and remove RFK Jr. And if we don't, he's going to have two more years of unfettered access to America's public health infrastructure. And that will be disastrous.
Speaker 1And so, again, this is the goal. The goal is to, again, try to cleanse the administration of all that they feel is an obstacle to, you know, power. Secretary Kennedy yesterday pointed out that Stephen Miller being appointed chief of staff is actually quite good for MAHA. He says, next to me, Stephen Miller is the strongest MAHA supporter in the administration. It's time to unleash the Kraken. So we'll have to see what that actually looks like. Now, again, Democrats, it's kind of fascinating that they wish to alienate so many people who are sort of MAHA associated. The reality is that RFK Jr. remains the most popular member of the administration by the polling data. But again, Annie Andrews called out Kennedy as her, quote, arch nemesis. A person named Eric Poliak told the New York Times, quote, this election cycle, RFK Jr. was hands down our number one recruitment and fundraising tool. That's an organization called 314 Action, which has spent 30 million bucks to support Democratic scientists and health care professionals. So Democrats are going to try and come after RFK Jr. It'll be fascinating to see if they alienate MAHA in the process. Now, Democrats may try to interfere with that MAHA agenda. But, you know, you shouldn't let Congress get in the way of you taking care of your own health on a personal level. Impeachment, no impeachment, RFK Jr., no RFK Jr. You can still take care of your own health. Balance of Nature, use it any day of the week. Go to balanceofnature.com, use promo code Shapiro for 35% off your first subscription order. Again, that's balanceofnature.com, use promo code Shapiro for 35% off your first subscription order. Okay, now, meanwhile, the ushering in of the revolutionaries has not stopped among the Democrats. So John Fetterman is now very much on the menu. Because the Democrats have no limiting principles. John Fetterman is a moderate Democrat, at least when it comes to Israel and impeachment and not being a total psychotic. And so now he's being targeted by somebody who's even crazier than Abdul Rahman El-Sayed. I hope that everybody's enjoying the spectacle of people just lying that they're running on affordability when what they really care about is hatred of the West. A person named Ahmed Moore, Gazan-born, has launched a primary challenge against Fetterman. Moore moved to Pennsylvania as a child. He earned degrees from the University of Pennsylvania and Harvard. He's now working as a professor at the University of Philadelphia, and worked in finance before embarking in a career on journalism. And then he lived in Jordan before returning to Philadelphia with his wife to raise their children. So this person is a foreigner with American citizenship, and who very much agrees with third worldist values. And again, the way that the radical Islamists who now reside in America's Congress have gotten away with it is they say, oh, our main priority is Medicare for all. That's all we want to talk about. Medicare for all. Medicare for all. Medicare for all. Medicare for all. Affordability. And then beneath that, what they actually care about is destroying America's place in the world and siding with Muslim Brotherhood-associated entities. Ahmed Moore undoubtedly is one of these. He put out a tweet yesterday. My name is Ahmed Moore. I'm running for U.S. Senate here in Pennsylvania. I'm running to end the war in Iran and to promote the dignity agenda, free health care, free child care, and affordable housing. I'm calling for accountability for genocide, for ICE, and for corruption. And once you make it like just the uni-cause, and the dignity for all, free health care, free child care, and blow up Israel, then apparently Democrats are fine with it. So as long as you slather a bunch of the socialism over the top, it's totally fine. Here is Ahmed Moore back in December of 2024 talking about suing the State Department over Leahy law violations.
Speaker 12So I was born in Gaza, moved to the United States as a child, still have most of my extended family in Gaza. And as you can imagine, conditions there have been unlivable for over a year, 14 months now. And so my direct participation in the lawsuit goes to my increasing inability and increasing likelihood, inability to speak with that family members in Gaza, and increasing likelihood that they're going to be subjected to further inhumane conditions and harm. My family's experienced direct loss through the genocide. Again, he was filing a
Speaker 1lawsuit against the State Department. claiming that they had to stop funding Israel because Israeli units were committing human rights abuses. He then wrote in The Guardian at the time, quote, Hamas is an indigenous movement in Palestine. It draws support from civilians. Its combatants can disappear and find sustenance among other residents of Gaza. So hopes for Hamas defeat on the battlefield, followed by political capitulation, are unrealistic. He says, quote, Israel's partisans may argue that the Islamist group has signaled unyielding intent to eliminate Israel through words and actions, particularly through its deadly rampage on October 7th, and the organization cannot be negotiated with for that reason. But the Palestinians have indicated a willingness to negotiate with Israel. Hope for the future is fixed in a vision that requires the end of Jewish supremacy in Palestine. So again, this person now wants to run against John Fetterman in Pennsylvania. You guys opened the door to this. You broke it. You bought it. That's where we are right now. Meanwhile, Abdurrahman El-Sayed, remember the guy who you talk about his radical Islamic background and belief system? It's because you're an Islamic. But it's not happening, but it's good that it is. It's not happening, but it's good that it is. That is the Abdurrahman El-Sayed story. According to the Washington Free Beacon, he has now tapped on Brenda Abdelal to serve as director of his transition team. She is an Egyptian-American professor, attorney, and former lobbyist. She promotes conspiracy theories about Jewish control of world affairs. Quote, the Zionists have a strong voice in American politics. I would say they're controlling a lot of it, she said in 2002. Meanwhile, El-Sayed last week was campaigning in Dearborn with one Ibrahim Sharara. Okay, he's there in the background. It turns out that now that person is being deported. Why? Because he made a controversial social media comment in which he praised the murder of American Marines in 1983. So he's being deported now. Here, by the way, are Cenk Uygur, Anakas and Ibrahim Sharara at the Arab American and Civil Rights League at Gala. Nice people, just delightful people. In 2021, Sharara celebrated, quote unquote, heroic resistance. Says, quote, on this day, the heroic resistance to the American military occupation of Beirut ended with a single strike that documents the defeat of neocolonialism on our land. That is the kind of person, don't worry, if you notice this, it's because you're Islamophobic. By the way, El-Sayed, in October 26, he said that when he joins Congress, he said this to ABC News, he would like to stop doing deals with Saudi and UAE because of their activities,
Speaker 13in Sudan. The question of how should we get to a pathway to peace? I would like us to make peace with Iran, like President Obama did. I would like us to figure out how to stop just subsidizing genocide and apartheid in other places. I would like us to figure out how to stop maybe making deals with countries like Saudi Arabia, right, or the UAE, who are doing genocide in Sudan. I would like us to actually promote our values. I would like us to get past the conversation of like, do you condemn, do you not condemn? Can we actually objectively ask what our values are? We want to promote democracy all over the world.
Speaker 1Oh, he's promoting democracy. He's promoting democracy, which is why he opposes any sort of activity against Iran. I noticed something interesting. He's very upset at Saudi and UAE. That's weird. He's not so angry at Qatar. He's pretty angry at Saudi and UAE. I wonder what Saudi and UAE have in common. Oh, that's right. Both of them banned Muslim Brotherhood. It must be. Yeah. Yeah. Great job, everybody. Again, this is why I say everybody on the right who right now is in a state of upset and despair. I get it. I get it. I'm one. I get it. I too. But Democrats cannot help themselves. They cannot help themselves. They think they have a mandate to do all the terrible things. And so they will try. They will do their best. And then it will come right back around to bite them on the ass. I promise you that is the nature of American politics already coming up. We'll get a little bit into 2028. First, you have to head on over to Daily Wire and become a member. Again, the fight has never been more vital. There's only one way to get out of this hole that we are now in, and that is for us to start fighting our way out of the hole. That's what we have to do. And the only way to do that is join up at Daily Wire. If you're not a member, become one. Use code Shapira. Check out for two months free on all annual plans. Click that link in the description and join us.
Speaker 14I'll see you next time. Father, I used to feel Christ. I cannot feel anything here. They take me out of my bed, and they brought me here, and they tell me nothing. What have I done? Article 58, counter-revolutionary activity. That is all I know. They have to deal with so many enemies of the state, all of whom claim their innocence, who protest, who cry. 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 would like to know why I'm here. Of course. But you already know, don't you? You must believe in something greater than the party. You will remember your duty. I've told you I know nothing. They growl like a feral animal.
Speaker 10You stink of failure.
Speaker 14You want me to lie.
Speaker 10Still a drunk.
Speaker 14Damn you! They all break. Maybe.

Podcast Summary

Key Points:

  1. NVIDIA is the world's most valuable company, representing roughly 6–8% of the S&P 500 and 20–25% of all index gains since 2024, built around CEO Jensen Huang's flat management structure with about 60 direct reports.
  2. NVIDIA's six-month chip refresh cadence and constant reinvestment keep it ahead of competitors, but the company depends heavily on Huang personally, with no clear successor.
  3. NVIDIA opened an investigation after Huang admitted to an affair with Alice Huang, a Megaspeed executive whom U.S. intelligence suspects of being a Chinese spy.
  4. A Commerce Department investigation into Megaspeed's alleged chip smuggling to China reportedly halted after NVIDIA's general counsel invoked a top department official's name.
  5. Huang hired a crisis communications firm about a year before the affair became public, and NVIDIA stock fell over 4% while AMD and Broadcom rose.
  6. House committees have requested Huang for a closed-door briefing, while President Trump defended Huang as an honorable man who denied knowing the woman was a spy.
  7. Democrats are expected to use the AI-corruption narrative politically, and the scandal coincides with Anthropic reportedly scaling back its IPO plans.
  8. Separately, outgoing Representative Thomas Massey introduced impeachment articles against Defense Secretary Pete Hegseth that allege no actual statutory crime, and Democrats are targeting RFK Jr. and John Fetterman while radical candidates like Ahmed Moore and Abdul El-Sayed gain prominence.

Summary:

The transcript centers on a scandal engulfing NVIDIA CEO Jensen Huang, whose company is the most valuable on Earth and a dominant driver of the S&P 500. S. intelligence of spying for China.

The revelation is compounded by reports that a Commerce Department investigation into Megaspeed's alleged chip smuggling to China stalled after NVIDIA contacted a senior official, and that Huang hired a crisis PR firm a year before the story broke. NVIDIA stock dropped over 4%, House committees want Huang for a closed-door briefing, and President Trump publicly defended him. The host argues Democrats will exploit the affair to paint tech and the administration as corrupt, potentially damaging the tech boom and the broader economy.

The transcript also covers Thomas Massey's impeachment articles against Pete Hegseth, which allege no actual crime, and the rise of radical Democratic candidates, including Ahmed Moore's primary challenge to John Fetterman and scrutiny of Abdul El-Sayed's associates, alongside Iran tensions and the new Operation Iron Gate blockade.

FAQs

NVIDIA makes advanced graphics processing units (GPUs) that power everything from gaming to the AI revolution. It is described as the most valuable company on Earth, representing roughly 6-8% of the S&P 500 and 20-25% of its gains since 2024.

He runs a totally flat organization with about 60 direct reports, rather than delegating through a COO, CFO, and other executives. He also restructured engineering into three parallel teams to release new chips every six months.

Huang acknowledged to NVIDIA's board that he had an intimate relationship with a business executive, Alice Huang, whom U.S. intelligence believes is a Chinese spy. NVIDIA opened an investigation, and Huang publicly apologized for being unfaithful to his wife.

She was a top executive at Singapore-based Megaspeed, an NVIDIA customer and cloud partner serving Chinese companies. She previously worked for Chinese state broadcaster CCTV and was reportedly recruited by China's Ministry of State Security.

NVIDIA stock dropped more than 4% after Huang admitted the affair. Meanwhile, other chip stocks rose, with Broadcom up 9% and AMD up 13%.

The House Foreign Affairs, CCP, and Intelligence Committees requested that Huang appear for a joint closed-door briefing on NVIDIA's security protocols against foreign espionage and his interactions with Alice Huang.

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