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Jensen Huang Booted as Nvidia’s CEO & Trench Coats Powers Burberry’s Boom

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Jensen Huang Booted as Nvidia’s CEO & Trench Coats Powers Burberry’s Boom

The transcript blends business, technology, and cultural news, centered around a pivotal moment in NVIDIA’s leadership. Jensen Huang’s resignation as CEO follows a scandal involving alleged romantic ties and illicit chip exports to China, raising national security concerns and triggering investigations. The company is now led by interim CFO Colette Crest, with Ian Buck emerging as the top candidate for permanent CEO. The fallout has broader implications, including tighter U.S. export controls on AI technology and increased scrutiny of offshore data center operations. In contrast, the show promotes LinkedIn ads as a high-ROAS advertising strategy, offering a $250 credit for first-time users. It also highlights a housing crisis driven by mortgage rates above 7%, with declining sales and stagnant prices. Meanwhile, Burberry is turning around by focusing on timeless products like trench coats, which are seeing a surge in demand. The piece concludes with updates on a major Microsoft outage and a news story on Johnny Depp’s return to film, while mourning the death of beloved sports broadcaster Dan Hicks. These narratives underscore the interconnectedness of technology, finance, and societal trends in today’s world.

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marketers say you invest in something that seems incredible like millions of views but then don't see any revenue that's not going to make your cfo happy instead invest in linkedin ads they generate the highest ROAS of all major ad networks spend $250 on your first campaign on linkedin ads and get a $250 credit just go to linkedin.com slash mbd that's linkedin.com slash mbd terms and conditions apply good morning for daily show i'm neil fryman and i'm toby howell today jensen huang is ousted as the ceo of nvidia now there's a big leather jacket to fill who might be his successor it's friday november 13th let's ride not to spook you even more this friday the 13th but the holidays are fast approaching and we want to secure a spot on your increasingly full calendar on december you we'll be hosting an mbd holiday spectacular here in new york city a live show that's going to bring the best of our podcast to the live stage games numbers toby saying absolutely ridiculous things and plenty of surprises too tickets are going fast so grab yours today it was an all-time year for new york city with the knicks winning the world cup coming and taylor swift wedding might as well cap it off with an event just as big the mbd live show if you want your ticket it's at the link in the podcast description get it now and we'll see you next time get it now before another jensen affair is announced and now a word from our sponsor runway neil i'm sure gonna miss you while i'm away for a two-month shoot in iceland but somebody's got to get the video for this campaign we're working on that's not happening and you don't need a shoot when you have runway the company helping people bring their biggest creative ideas to life their creative suite gives anyone the power to generate edit and finish video images and audio for campaigns including social and product content so whether you're solo or part of a team you can storyboard create look books restyle a shot create cinematic videos product shots stage rooms and more i do want to go to iceland though you should at some point seems like a great place anyway sign up for free at runway.com slash morning brew and get 25 off paid plans with the code morning brew here's something that would have felt unfathomable to say two weeks ago jensen huang is no longer the ceo of nvidia after a stunning week where not one but two affairs came to light including one with an alleged chinese spy and another with an employee jensen huang resigned from his position yesterday then another shoe dropped after his announcement reuters reported that huang had an intimate relationship with another employee who has remained unnamed the immediate mess will fall to colette crest the company's cfo to clean up crest will serve as interim ceo as the company kicks off his search for the next jensen the stock did not take the news well opening the day down 14 percent before staging a mini rally to only finish down four percent it's now 30 below its recent highs and all i can say is holy guacamole few executives in history have been as synonymous with their companies as jensen and nvidia two weeks ago he was king of the world now he's gone from the company he transformed into a five trillion dollar behemoth the question now becomes who will replace him crest who has been at nvidia since 2013 will run the ship for now ian buck one of the brains behind nvidia's valuable cuda operating system is the current favorite on prediction markets but no one not even the president of the united states knows who will take up the mantle of the leather jacket which didn't stop trump from giving his two cents on true social there's only one man to take his place tim cook of apple a legend replaces a legend neil the leather jacket looms large for all his business leader jensen was not really focused on who was going to replace him he famously had 60 direct reports report all into him did not have one-on-ones with these people he said he just doesn't believe in succession planning in general so he did not expect to not be the ceo of this company for decades to come and because of that lack of planning he leaves his company in a huge mess right now with collect crest coming in trying to clean some of that up while the company looks for another long-term leader the board ultimately came back to bite him jensen hong is by far the largest shareholder in nvidia he owns an almost four percent stake in the company which makes him the richest people on earth but he does not have the voting power that some of silicon valley elites have i'm thinking mostly of meta's mark zuckerberg uh meta has or mark has a ton of voting share control so it would be very unlikely that the board could stage a coup like this and get him not really stage a coup but force him out like this because jensen does not control voting shares so now the question is who the heck are these people who have to step into this gigantic role who is he has kind of been a low-key person at jensen's side for a long time now she joined originally back in 2013 because her sons liked the video game chips that nvidia made that shows how long she's been at this company but she will immediately come under scrutiny too because her appointment will definitely raise questions in washington which we will get to about how much she was aware of the company's dealings with megaspeed how much she was aware of maybe circumventing these chip export bans in china she is someone who is going to be a big part of the company's dealings with megaspeed but she is someone who is very close to jensen so those same questions will immediately pop back up so not an easy role that she's immediately stepping into no especially because it didn't seem like her and jensen were on the same page at least in the past few months the wall street journal was just out this morning with a report about a meeting that happened in august that discussed nvidia's massive uh investments they were throwing bill remember they were throwing billions hundreds of billions of dollars around the ai economy helping prop it up and jensen called his executives and then said uh do you think this is financially sustainable and perhaps crest was pushing back on that and he called her quote a deer in the headlights and said she was quote a reporting CFO not someone who would help him define strategy or make decisions well guess what that's exactly what she's about to be doing is defining the company's strategy and making decisions but perhaps she's going to be an interim replacement who are the long-term potential successors there is a short list and a long list of who these people could be and kalshi the prediction Market the number one favorite is Ian Buck who has spent more than two decades two decades at nvidia he is the VP of hyperscale he's a 31 chance of becoming the next permanent nvidia CEO a bunch of other names have been floated around too these are just the big wigs of the AI and chip industry arm holding CEO Renee Haas who arm Holdings does all the chip design they're a massive company AMD uh CEO Lisa Sue who uh has transformed that company to be a huge success in the chip making space Apple Apple chief hardware officer Johnny scroogey Amazon web services chief Matt Garman all these bunch and then perhaps Tim Cook as well but I don't know how realistic that is he just retired from Apple and he's probably like I am happy to just not work my ass off anymore I do want to just fantasize about Tim Cook well it came off wrong but I want to imagine what he would look like as CEO of nvidia because his number one merit is that so Jensen Huang had this very interpersonal relationship with a ton of chip suppliers over in Asia like he was the man in the middle of this web of suppliers that needed to all function together like a beautiful Symphony to create these nvidia chips the only other person who can go toe to toe with Jensen when it comes to Asian supply chains is Tim Cook so he has more merits than maybe it initially sounds like again the gigantic hurdle in the way is he probably just doesn't want to do it and also he is still very much employed by Apple and advocates for them on a policy level who is the supply chain Whisperer it is Tim Cook so maybe it's not as far out of left field as you might expect let's zoom out here for one second what is going on with the stock what is going to happen in the post uh Nvidia or post wow I almost said post Nvidia era but it's the post Jensen era at Nvidia stocks back up two percent pre-market right now who the heck knows what's going on it feels like every single hour a new aspect of this story breaks but it looks like Nvidia is saying we're more resilient or Mark or traders are saying Nvidia is more resilient than just one a person long term don't know but at least in the short term two percent people are pushing the stock back up yeah the question is what's going to happen to the AI industry in general because remember Nvidia has been called the human security blanket of AI because they are the last backer they are guaranteeing so much of this investment when open AI needed support to build a huge data center in Ohio so they just had Nvidia come in and say look we're gonna backstop you a hundred billion dollars for that lease we got your back when core weave was about to go public investors were getting skittish and then Nvidia Nvidia came in and said look we got two billion dollars for you this is all Jensen's doing he was the lubricant for this entire AI industry and people are questioning what's going to happen when he's gone when it now that he's gone when it comes to the overall AI build out because he was so singular in his vision and his power looks like at least for now traders aren't pricing in a huge collapse and moving on there's a whole B plot to this whole Nvidia scandal though many say it's actually the a plot the most important thing to focus on that's the national security implications along with Nvidia the Trump administration has a lot of questions it'll have to answer about what it knew when concerning Jensen's dealings with China to set the stage the US and China are locked in a high stakes battle for technological supremacy in the age of AI the US has had the upper hand because it's had the chips thanks to Nvidia our companies have had access to the best AI infrastructure and in turn can crank out the best models to slow Beijing's AI development the US government has restricted exports of our best chips to China starting in the Biden years. But not everyone was on board with these curves. And the most vocal and influential advocate for selling chips to China was Jensen Huang. Jensen lobbied the Trump administration hard to allow more chips to enter China, winning some concessions in the process. He argued that getting Chinese companies hooked on NVIDIA's technology was the best case scenario for America. And the fact that NVIDIA was making a lot of money from China obviously played a big role. But now we know there was a lot more going on beneath the surface, and so did the Trump administration. Last year, according to news reports, top officials were aware that Jensen was romantically involved with Alice Huang, the accused spy who's working at a Singapore-based data center company suspected of smuggling NVIDIA chips into China, skirting the bans. Despite that apparent knowledge, the government took no action, and Trump even invited Jensen on a trip to China this May on board Air Force One. In some people's view, this is a shocking oversight. To quote the tech writer Derek Thompson, there's negligence, stupidity, there's corruption, and then there's trotting your honey-potted AI mascot around Chinese leaders who know they're illegally safening his chips via Singaporean intermediary overseen by their own spy asset. Toby, we're about to see investigations on investigations and likely a much tougher stance on selling chips to China. Yeah, now that NVIDIA's political influence is vastly weakened, politicians are seizing on this moment. There's a lot of chip control bills that are starting to gain momentum. A couple of those are the AI Overwatch Act. They just want to, to strengthen oversight of advanced AI exports. But also within the Trump administration itself, there is a lot of push now to finalize rules to prevent these Chinese AI company from remotely accessing advanced chips, basically the business that Megaspeed was running. There is a big thorn in the side of that push, though. There's one man still kind of holding the Alamo here, and it is Howard Lutnick, you know, the Commerce Department leader. He, the Commerce Secretary, he's the one person still pushing the Alamo. He's the one person still pushing the Alamo. He's the one person still pushing back on this. Who knows why, really? Everybody else, including Jensen Hong, has fallen, and yet Howard Lutnick is standing firm here. He wants to try to stall these restrictions on chip exports, which means we could see the end of Howard Lutnick soon, because if he doesn't fall in line, it seems like he could get ousted. Yeah, stunning reports from the White House, where they've had multiple meetings over the past few years, where you have all of the finance bigwigs, like Treasury Secretary Scott Besson, President Trump's there. They even have, like, crackdown on the fact that there's all these third-party intermediaries, like Megaspeed, which Alice Huang worked for, which are just routing billions of dollars of NVIDIA chips illegally, potentially, to China. And then Howard Lutnick is, like, they're all like, Howard, have you done the blacklist yet? Have you put them on the entity list that says we can't sell to them? And he's like, he just, like, kind of drags his feet. And some suspect that it's because he didn't want to raise hackles with China and escalate the trade war that was also going on. And so, you know, I think that's a good thing. I think that's a good thing. I think that's at the same time. So the knives do seem to be out for Howard Lutnick. But all this does just put more scrutiny on these offshore hubs of data centers, like in Singapore, like in Malaysia, where it's the worst-kept secret in the entire world that Chinese companies are illegally accessing compute there to train their AI models. I mean, the information reported that Alice Huang helped facilitate at least $7.5 billion NVIDIA chip shipments to China. And then back earlier this spring, a lot of people are focusing on a short-seller report from Culper Research, which kind of surfaced all of these issues months and months ago about the fact that NVIDIA was doing actually so much business in China through these intermediaries. They calculated that more than 20% of NVIDIA's revenue for the year ended July 2025 came from China through illegal GPU diversion in Southeast Asian intermediaries. Meanwhile, on its public statements, NVIDIA was saying, we have zero, zero dollars of our revenue are coming from China because of these chip restrictions. So we don't know exactly what's true or not. There's still many unknowns, more unknowns than knowns, but Democrats who are about to take back both chambers of Congress are pledging to investigate the hell out of what happened is in the Trump administration, as well as NVIDIA. Jensen Huang is going to testify on Capitol Hill before Thanksgiving. Holy moly, Neil. There's so many winners and losers here. I'm sure we'll actually talk about this again next week, but for right now, losers starting first, obviously NVIDIA. Jensen's gone founder face of the company, best sailman. They have to plot their chart forward. China is also a loser here. They've lost a huge advocate for getting advanced chips, at least near the country. Also their open source AI, open weight AI movement takes a hit because China was advancing frontier level models that were open source. Some of the winners are China hawks who have been arguing for these tighter restrictions. NVIDIA competitors too are going to be licking their chops. AMD, Google, Amazon, these people making chips of their own are going to say, hey, now is our moment to claw back some of that market share. Honestly, a winner is probably Anthropic. Dario Amadei has consistently been on the other side of Jensen's China argument for many, many years now. They also have a more diversified chip strategy than a lot of their AI rivals. I would take those three as the biggest winners from this saga. I'm sure many more losers and winners will raise their heads in the weeks and months to come. Next week, things are going to slow down because next week we've got Anthropics IPO on Thursday and then two days before will maybe be the most awkward conference call of all time because that's NVIDIA's earnings. Like who is going to step up to the plate, lead that? I mean, obviously it's the new CEO, but just imagine the questions that will be asked at the earnings call. All right, we're going to take a quick break and come back with our stock in dog a week right after this deal. As I'm sure you know, business travel doesn't always go according to plan. Yeah, don't I know it. That's how I ended up sleeping on my uncle's tugboat for three nights with hotels.com Many hotels offer free cancellation, giving travelers the flexibility to adjust plans when needed. And with 24 seven customer support, help is available whenever travel disruptions arise. Whether plans are set in stone or still taking shape, find a stay that fits at hotels.com slash morning brew. That's hotels.com slash morning brew. Morning Brew Daily Show is sponsored by AXA XL. Innovation has always kept the world moving forward, but it also comes with risk as a leading global insurance company. I'm sure AXA XL pushes the boundaries to protect your business and power your innovations. They're facing into risk for a future to be imagined. Learn more at AXA XL.com slash facing hyphen into hyphen risk. That's AXA XL.com slash facing hyphen into hyphen risk. Disclaimer, this advertisement does not constitute an offer or solicitation, nor a description of any products or services of AXA XL. Toby, what do you think looks good to a CFO? Horses. Horses as far as the eye can see. I was thinking something more along the lines of good investments that generate high ROAS, like LinkedIn ads. They generate the highest ROAS of all major ad networks. Reach the right buyers with LinkedIn ads when you target by company, industry, job title, and more. Spend $250 on your first campaign on LinkedIn ads and get a $250 credit for the next one. Just go to LinkedIn.com slash MBD. That's LinkedIn.com slash MBD. Terms and conditions apply. Welcome to Stock of the Week, Dog of the Week, the segment where Toby and I pick one stock that's not superstitious and another that's triskaidekaphobic. I won the pre-show snake charming contest, so I get to go first. My Dog of the Week is anyone who wants to buy or sell a home. We haven't checked in on the housing market in a while, and it's pretty dire. Basically more frozen over than your friend from L.A. who's visiting Boston in January. New data out yesterday showed home sales fell last month to their lowest level since 2010 when the country was still down. Bad from the housing crash two years before. Sales of existing homes dropped 5.5% in October, which far surpassed expectations of a 3.8% decline. The housing market has been in a massive slump since 2022, but things haven't been worse than now. And it all comes back to mortgage rates. The 30-year mortgage has skyrocketed back above 7% due to the war in Iran, inflation, and the anticipated Fed rate hikes that come with that. Open houses are empty. Buyers have stayed on the sidelines, wary of spending hundreds of dollars more on their monthly payments. All that being said, if you can stomach a 7% mortgage or thereabouts, you kind of have your pick of the litter right now. This is the issue with the housing market right now. Home prices are barely falling despite the fact that sales are collapsing. You would expect if no one is buying a home, then somebody out there would say maybe it's time to lower the price that we are listing this for. But the medium existing home price right now is $416,000. Prices actually increase 0.4%. You have a year in October. So we are in just the worst timeline of all time because you have historically weak sales, still near record home prices and mortgage rates above 7%. You would expect one of those to break at some point because it just is untenable right now. But just no one wants to leave their golden handcuffed, you know, low mortgage rates and put their home on the market for a price for less than they bought it for. I think I think sellers are going to blink first because we just have new data from Redfin, which showed that 36%. Of homes that sold last month had at least one price drop, maybe hasn't factored into the national the national data yet. Like we still seeing home prices still trickle higher, but be somewhat stagnant. But 36% of all the homes sold that did have one price drop. So if you're trying to sell your house at some point, you actually do need to sell your house. If that is your plan and no one's coming to your open houses at some point, you're going to have to lower prices to get people in the door to spur that more demand because, you know, you're not in charge of the federal government. you can't just lower rates so everyone has a cheaper option. mortgage, but that's what's happening. I mean, I have done my fair bit of Zillow scrolling over the years where you just kind of open up a market in a certain city and just see what's out there. And every time I do, I'm like, God, there's so many houses available to buy right now. It seems like housing inventory is really high. And that is true. There are 1.6 million unsold existing homes on the market in October. That is the highest inventory since November 2019. So again, if you can stomach a 7% mortgage rate, if you can stomach a median home price of over $400,000, you have your pick of the litter right now because there are lots of people who want to sell their homes, just not that many buyers. Moving on, my stock of the week is Burberry, which is proving that sometimes the best way forward is to go back to the basics. The British luxury brand has been struggling for years, but its turnaround is picking up steam. Sales rose 4% last quarter, including an 11% jump in the U.S. dollar. The U.S. dollar is up 4% last quarter, including an 11% jump in the U.S. dollar. Why is Burberry succeeding while rivals like Gucci and Louis Vuitton are struggling? Its CEO, Joshua Shulman, stopped trying to go upmarket and charge an arm and a leg and a foot and a hand for everything. Instead, he pushed the brand to double down on the products that made Burberry famous, trench coats and scarves. We will never be a leather goods-driven business. We will always lead with outerwear, Shulman said. Shoppers tend to gravitate towards a trench coat, too, when they start feeling pinched economically. A trench coat is the high-yield savings account of your wardrobe, the influencer Miss Dow Jones told Glamour. Classic, dependable, and always there when you need it. And people are on the hunt for that high yield right now. Searches for trench coats on the resale site Depop have jumped 50% in the past year. Neil, the luxury business is in a major downturn right now, but timeless staples are always in. Our co-worker Dan Toomey, who runs the Good Work YouTube channel, wears a trench coat in every video. Maybe we should trench it up as well. Do you know the origins of the trench coat? Like why it's called a trench coat? In the trenches? Honestly, yes. That's exactly what it was. It was developed in the early 20th century, late 19th century, co-developed by Thomas Burberry himself. And it was worn by British and allied officers on the battlefield in World War I and where it got the moniker, the trench coat. And then it became a garb that was worn by Hollywood stars in the golden era, like Humphrey Bogart in Casablanca and Peter Sellers in Pink Panther. And then it became this garment that we all know and love today. And Burberry is riding it to remarkable sales growth at a time when luxury in general is in a huge slump. I'm really curious about this idea that trench coats are this timeless staple of a wardrobe. I was asking my more fashion-forward wife about this. She's like, of course, trench coats. Who can be more fashion-forward than you? Of course, they never go out of style, but we see that, too, on resale sites. Depop says that trench coats retain really good resale value, which makes them a lot more attractive than maybe trend-driven purchases because things go in and out of style. It looks like the trench coat never goes out of style. So when you talk about timeless appeal, obviously trench coats remain stylish for years and years to come. And then we got into a little bit of a cost per wear argument or not argument discussion as well. Like a Burberry trench coat is still expensive. I know we're calling it not as expensive as like a Gucci garment or a Louis Vuitton garment, but it can run you twenty six hundred dollars. But if it is a timeless wardrobe staple cost per wear, you wear that thing a hundred times. that's $26 per wear. 500 times, you're down to $5.20. So there is some math that you can talk yourself into that this is worth it over the times that you wear it. Is this you throwing your hat in the ring to be the next NVIDIA CEO with that little math, that business strategy? I thought you were going to say, is this you announcing your trench coat era? And I'm like, yeah, maybe I'll dabble. I've never owned one. It sounds like it's a good wardrobe staple now. All right, we're going to sprint to the finish with some final headlines. Hope you enjoyed the digital snow day yesterday. Millions of workers got an unexpected water break courtesy of Microsoft. Microsoft suffered a massive outage yesterday afternoon, knocking out Outlook, Teams, Copilot, and other 365 services. At its peak, nearly 130,000 people reported problems with Outlook alone, with workers unable to send emails, load their inboxes, or message colleagues. Microsoft traced the disruption to service that unexpectedly went offline after failing some automated checks, which caused a traffic jam across its infrastructure. Neil, we're a Gmail and Slack company, but every time one of these outages hits, I'm reminded just how much of corporate America runs on one company's software. My group chats were giddy with joy as people were trying to figure out what to do with it with themselves. This is still going on, by the way. They're still fixing this. So if you are a Microsoft user at your company and you are in bed listening to this, stay in bed because Microsoft said we've seen partial recovery across regions. However, these actions aren't resulting in sustained recovery. So we're reviewing what additional actions we can take. So this is ballooning into a much more massive disruption than we initially thought. They tried to fix it yesterday afternoon. It was taking down systems as far away as Japan, the Philippines, Singapore's government, Australia, who compared it to the CrowdStrike outage in 2024. So this is a big deal that still will remain a huge disruption today. So yeah, you might get two snow days in a row before there being a snow day to begin with. My question is, do people like teams now? I remember when teams first came out, like it was one of the most hated softwares, but now I feel like people are starting to like it again. We have been Slack for years. I've never actually experienced teams, but I would love people to weigh in. Is teams like something that you enjoy now or is it still kind of a pariah and you don't really want to spend your time there? I'm curious. Well, it's work. It's work in general. It doesn't like engender. But I like Slack. Yeah. Yeah. it's not because it's good, but I think also at the same time, people are liking not having to use Teams for the last couple of days, and we'll see whether Microsoft can get its books in order today. Up next, Johnny Depp, remember him, is making his big return to acting as Ebenezer Scrooge in A Christmas Carol, which hits theaters today. Once one of Hollywood's most bankable actors, Depp has shied away from the spotlight for almost a decade amid a legal fight with his ex-wife, Amber Heard, who accused him of domestic abuse. In a 2022 defamation trial heard around the internet. Depp won the case but lost the PR war, turning him into a pariah among the American public. This movie will test whether audiences will give him, their once beloved Jack Sparrow, a second chance. A film professor who saw the movie told the BBC that she thinks this movie is a very calculated part of his rehabilitation effort. This is a quote from her. It's a classic story. It's a nice, cozy Christmas film. You come out feeling nice and fluffy about Johnny Depp. I I think it's going to serve him well and do what he wants it to do for him. Matthew Bologna from Puck News kind of reiterated that sentiment. He reported after a Paramount test screening, Depp scored an 86 out of 100, which is very high for any actor. The general norm for a lead character is 67, let alone a guy who just a few years ago was considered banished and unemployable. And then the final act of his comeback, should Ebenezer do what a lot of these reviewers think that it's going to do? Pirates of the Caribbean is coming back in August. The producer of the Pirates of the Caribbean franchise, Jerry Buckheimer, told Deadline that it was being relaunched with Depp back at the helm. Helm obviously being a pun in there. Not even a pun, but just the correct words. Some wordplay. Some wordplay. So, yeah. So this is a very staged and calculated return to the public eye, even down to the fact that he wears a disguise in much of the movie. So maybe you don't know it's Johnny Depp originally, but he's clearly trying to dip his toe back in the Hollywood world. I do find it curious that you're trying to rehab your image and make yourself palatable to the public again, and then you literally become Scrooge. Just an interesting decision. All right. Finally, sad news from the sports world. The widely admired broadcaster Dan Hicks died suddenly at the age of 64. His wife, Hannah Storm of ESPN, announced yesterday. If you watched a Notre Dame football game, a PGA golf tournament, or the Olympics over the past few decades. You've been lucky to have Hicks as your steady and welcoming guide. One of the signature voices of NBC since he joined in 1992, Hicks was known for rising to the occasion when calling some of the most dramatic sports moments of the 21st century. Within months of each other in 2008, he was on the mic for Tiger Woods' clutch putt to force a playoff at the US Open. Then later that summer at the Beijing Olympics, he gave us all goosebumps when unheralded American swimmer Jason Lezak came from behind in the 4x100 freestyle relay to defeat the French team and help Michael Phelps secure eight golds. Here's Dan calling that stunning comeback. Legitimately gives me chills every single time. There's not many sports moments that I can turn on in full body. It just reacts, and this is one of them. Hearing him say, here comes Lezak, it is just so electric. I literally get emotional thinking about it. The fact that announcers, just as much as athletes, are right there in the biggest moments that kind of define a generation sometimes, it just shows the power that Dan Hicks had. And I think you said it beautifully that he rose to the occasion every single time these big moments happen. You just can't fathom these sports moments without Dan Hicks' voice right there. And he didn't make it about himself. He always let the play on the field speak louder than whatever he was saying. knew that it was Dan Hicks on the call for that particular seminal moment when Michael phelps or tiger woods's putt at the u.s open i mean this guy was doing skiing and swimming for 16 different olympics you know that al michaels said do you believe in miracles in 1980 you know that all these other announcers said you know you know that joe buck said we'll see you later tonight uh in the boston red sox uh world series but you know that joe buck said we'll see you later tonight in the alcs in 2004 but dan hicks was always kind of behind the scenes a little bit just had that very steady voice seemed to be a great guy was just beloved across the industry i'm gonna watch the lee's that clip like 10 more times it is my all-time most favorite sports clip bar none that is all the time we have thanks for starting your morning with us and have a wonderful friday and an even better weekend to share your thoughts on the episode or anything else send an email to morning brew daily at morning brew.com or dm us on instagram at mb daily show let's roll the credits emily milliron is our supervising producer raymond lu is our senior producer our producer is a little bit of a guy who's been working on the show for a long time and he's a little bit of a guy who's been working on the show for a long time and he's a little bit of a guy who's and our associate producer is olivia lake technical direction by nina miller is hair and makeup just two guys in a trench coat and our show is a production of morning brew great show today nail i wish you all well what if doctors could detect alzheimer's before symptoms appear use artificial intelligence to improve diagnoses or make surgery safer and more precise in real time we'll see you in the next episode of tomorrow's cure and we explore how fluorescence guided surgery is helping doctors better visualize tumors nerves and blood flow during procedures so whether you're a patient health care professional or simply curious about where medicine is headed tomorrow's cure invites you to imagine what health care could look like and shows you the future is already here follow tomorrow's cure on apple podcasts spotify or your favorite podcast podcast app.

Podcast Summary

Key Points:

  1. LinkedIn ads generate the highest return on ad spend (ROAS) among major ad networks and are recommended as a more effective investment than high-view, low-revenue content.
  2. Jensen Huang has resigned as CEO of NVIDIA after a scandal involving alleged romantic relationships and illicit chip exports to China, leading to significant stock declines and political scrutiny.
  3. Colette Crest, NVIDIA’s CFO, is serving as interim CEO while the company searches for a long-term successor, with Ian Buck being the top prediction market favorite due to his deep industry experience.
  4. The scandal raises serious national security concerns, especially regarding NVIDIA’s ties to Chinese AI firms via intermediaries like Megaspeed, prompting new legislation and investigations.
  5. Tim Cook of Apple is seen as a potential successor due to his expertise in Asia supply chains, though his availability and political alignment remain uncertain.
  6. The housing market is in a deep slump due to soaring mortgage rates, with home sales falling and prices stagnating despite high inventory.
  7. Burberry is experiencing a turnaround by focusing on timeless products like trench coats, which are now in high demand amid economic uncertainty.
  8. A major Microsoft outage disrupted global services, highlighting the risks of over-reliance on single tech platforms.

Summary:

The transcript blends business, technology, and cultural news, centered around a pivotal moment in NVIDIA’s leadership. Jensen Huang’s resignation as CEO follows a scandal involving alleged romantic ties and illicit chip exports to China, raising national security concerns and triggering investigations. The company is now led by interim CFO Colette Crest, with Ian Buck emerging as the top candidate for permanent CEO.

S. export controls on AI technology and increased scrutiny of offshore data center operations. In contrast, the show promotes LinkedIn ads as a high-ROAS advertising strategy, offering a $250 credit for first-time users.

It also highlights a housing crisis driven by mortgage rates above 7%, with declining sales and stagnant prices. Meanwhile, Burberry is turning around by focusing on timeless products like trench coats, which are seeing a surge in demand. The piece concludes with updates on a major Microsoft outage and a news story on Johnny Depp’s return to film, while mourning the death of beloved sports broadcaster Dan Hicks.

These narratives underscore the interconnectedness of technology, finance, and societal trends in today’s world.

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Colette Crest, Nvidia's CFO, is serving as the interim CEO following Jensen Huang's resignation. She has been at the company since 2013 and will lead the transition period.

Potential successors include Ian Buck, Renee Haas of Arm, Lisa Su of AMD, and Tim Cook of Apple. Ian Buck is currently the top favorite on prediction markets due to his long history at Nvidia.

Jensen Huang reportedly facilitated illegal GPU shipments to China through intermediaries like Megaspeed, raising concerns about U.S. tech exports and national security. The Trump administration faced scrutiny for knowing about these activities and still allowing such practices.

Nvidia has historically been a key backer of AI development, and Huang’s leadership was central to the industry’s growth. His exit may lead to shifts in strategy and increased competition from rivals like AMD, Google, and Amazon.

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