Bessent: Nvidia Is 'Fantastic' and Can Move Past Huang's Exit

Scott Bessent isn't worried about Nvidia's future without Jensen Huang. In a CNBC interview Friday, the US Treasury Secretary called the chipmaker a fantastic company and said it can move past the exit of its founder and outgoing CEO, according to Breaking The News. Bessent didn't name a successor or a timeline.

The same interview turned to Megaspeed, the Singapore-based firm caught up in a China espionage controversy. Bessent confirmed reports that he confronted Commerce Secretary Howard Lutnick over the delay in adding the company to the entity list, saying Treasury, the Department of War, the State Department and the Office of the US Trade Representative had backed the move for months. The Commerce Department, he said, has the pen.

Asked about Huang, Bessent pushed back on the framing of the story. He said the focus shouldn't sit only on Huang's personal foibles, but also on whether there was a robust effort at Nvidia to make sure there was no leakage.