Was She Really a Spy? $500B Lost & Nvidia Without Jensen

Jensen Huang is out at Nvidia. Jason breaks down how the board forced out the face of the AI boom after a week of affair revelations, and whether Alice Huang, the Megaspeed executive at the center of the scandal, was really a Chinese spy. Plus: longtime CFO Colette Kress steps in as interim CEO, Congress wants Jensen to testify, and Nvidia faces big questions about its sprawling AI financing web after a scandal that erased roughly $500B in market value in a single week.

Then, founders are hitting reset. HubSpot brought back co-founder Brian Halligan for a “refounding,” following Workday, UiPath and C3 AI, and Ro’s Zach Reitano says refounding turned a “zombie company” into a $3B+ run-rate business. Jason runs through the Steve Jobs playbook and asks whether refounding is a real strategy or a sign of desperation. And SpaceX-Tesla merger talks are progressing toward what would be the biggest merger ever, with an announcement possible as soon as December.