Washington Examiner economics columnist Tiana Lowe Doescher torched former Nvidia CEO Jensen Huang over his infidelity with a woman suspected of being a Chinese spy, turning a personal scandal into a national security and corporate governance crisis.
“This scandal is so much more than just CEO misconduct,” Doescher said on Newsmax’s National Report on Thursday.
Doescher argued that Huang’s confession about the affair and subsequent resignation have much larger implications for the technology sector.
“In corporate America there are basically two rules: don’t cheat on your wife, but if you are going to cheat on your loyal wife of 41 years, don’t do it with a subordinate; and definitely don’t do it with a Chinese spy, and certainly don’t do it with a Chinese spy while you’re lobbying the Trump administration to relax export controls on Beijing, which is precisely what has happened,” Doescher said.
Doescher accused Commerce Secretary Howard Lutnick of interfering with investigations into Nvidia’s chip sales to China. She called it “executive mismanagement,” and said there were better ways to handle the scandal “from the inside.”
Doescher said Lutnick’s staff blocked investigations, despite several calls from President Donald Trump to crack down on companies supplying Nvidia chips to China.
“How much of this is running cover for his sons’ stock portfolio?” Doescher said.
Doescher said Lutnick was the CEO of Cantor Fitzgerald, a financial services firm, before passing it on to his sons, Brandon and Kyle Lutnick. She said Nvidia accounts for 7% of Cantor Fitzgerald’s stock portfolio, representing more than $250,000 in investments.
Doescher warned that the fallout could hurt Americans’ retirement savings as Nvidia’s stock and the broader technology sector face pressure.
“Your 401(k) is going to take a hit because of this,” Doescher said.
SEN. TIM SCOTT CALLS ON LUTNICK AND HUANG TO TESTIFY OVER NATIONAL SECURITY CONCERNS
She also said the scandal gives Democrats ammunition for regulations.
“Democrats, they are de-growthers; they do not like the AI industry. They have been chomping at the bit trying to find an excuse to regulate it, and Jensen Huang and his stupid decisions have just given them the best excuse, and unfortunately, Howard Lutnick has made it even easier. Because now they can tie it to the administration,” Doescher said.
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[ H/T Washington Examiner ]
