{"id":"1794604743823-money-segment","slug":"musk-backs-petition-to-reinstate-nvidia-s-huang","title":"Musk backs petition to reinstate Nvidia's Huang","summary":"Nvidia CEO Jensen Huang resigned effective immediately on Thursday, Nov. 12, 2026, after more than three decades leading the company. CFO Colette Kress became interim CEO, and investor Harvey C. Jones became board chair. The board's independent directors, along with former acting U.S. attorney Joon Kim, are continuing an investigation into reported affairs, including one alleged relationship with a suspected Chinese intelligence asset and a second alleged affair with a direct report. Huang had acknowledged in a Sunday email to employees that he had been unfaithful to his wife. Since then, Nvidia employees have rallied for his return: WIRED reported an internal suggestion-box post drew more than 1,600 comments, most supportive, with messages like \"Bring back THE boss.\" Elon Musk said Friday\n\nThe board moved to push Huang out under a cloud of security and personal-conduct concerns, but the abrupt exit has collided with strong founder loyalty inside Nvidia and among high-profile tech figures. Employees fear Nvidia's success is inseparable from Huang's leadership. On Wall Street, the scandal has also pulled in Commerce Secretary Howard Lutnick because his family's firm has financial ties to the chipmaker.\n\nElon Musk said Friday he would sign a petition to reinstate Jensen Huang as Nvidia CEO. Nvidia's board is still investigating Huang even after his resignation Thursday.\n\nMusk says a petition to reinstate Jensen Huang is underway, and he supports it and will sign. The board continues its independent investigation despite Huang's resignation.\n\nCNBC reports that Commerce Secretary Howard Lutnick faces questions over family financial ties to Nvidia after Jensen Huang's resignation.\n\nCNBC reports that Chicago Fed President Austan Goolsbee said the central bank \"has definitely got work to do\" on inflation and likely needs to act.","publishedAt":"2026-11-13T21:19:03.823Z","channel":{"id":"money","name":"Oncast Money","language":"en"},"show":"Closing Bell","verification":{"status":"verified","leadVerdict":"TRUE","notes":"TRUE: Elon Musk said Friday he would sign a petition to reinstate Jensen Huang as Nvidia CEO. Nvidia's board is still investigating Huang even after his resignation Thursday.\nSource: [breakingthenews.net](https://breakingthenews.net/Article/Musk:-I'll-sign-petition-to-reinstate-Huang-as-Nvidia-CEO/67562669) NAMES: NVDA = Nvidia Corp.'s stock (https://x.com/WatcherGuru/status/2121348297311068412)\n\nTRUE: Musk says a petition to reinstate Jensen Huang is underway, and he supports it and will sign. The board continues its independent investigation despite Huang's resignation.\nSource: [breakingthenews.net](https://breakingthenews.net/Article/Musk:-I'll-sign-petition-to-reinstate-Huang-as-Nvidia-CEO/67562669) NAMES: NVDA = Nvidia Corp.; Jensen (https://x.com/KobeissiLetter/status/2121348797276320087)\n\nTRUE: CNBC reports that Commerce Secretary Howard Lutnick faces questions over family financial ties to Nvidia after Jensen Huang's resignation.\nSource: [cnbc.com](https://www.cnbc.com/2026/11/13/howard-lutnick-nvidia-jensen-huang-china-cantor-fitzgerald.html) NAMES: Howard Lutnick = U.S. Commerce Secretary; Nvi (https://www.cnbc.com/2026/11/13/howard-lutnick-nvidia-jensen-huang-china-cantor-fitzgerald.html)\n\nTRUE: CNBC reports that Chicago Fed President Austan Goolsbee said the central bank \"has definitely got work to do\" on inflation and likely needs to act.\nSource: [cnbc.com](https://www.cnbc.com/2026/11/13/chicago-feds-goolsbee-says-central-bank-has-definitely-got-work-to-do-on-inflation.html) NAMES: Austan Goolsbee = pre (https://www.cnbc.com/2026/11/13/chicago-feds-goolsbee-says-central-bank-has-definitely-got-work-to-do-on-inflation.html)","claims":[{"verdict":"TRUE","summary":"Elon Musk said Friday he would sign a petition to reinstate Jensen Huang as Nvidia CEO. Nvidia's board is still investigating Huang even after his resignation Thursday.","sourceName":"[breakingthenews.net](https://breakingthenews.net/Article/Musk:-I'll-sign-petition-to-reinstate-Huang-as-Nvidia-CEO/67562669) NAMES: NVDA = Nvidia Corp.'s stock","sourceUrl":"https://x.com/WatcherGuru/status/2121348297311068412","claim":"JUST IN: Elon Musk says he is signing a petition to reinstate Jensen Huang as Nvidia $NVDA CEO. https://t.co/NnReV1ULph","author":"Watcher.Guru (@WatcherGuru)"},{"verdict":"TRUE","summary":"Musk says a petition to reinstate Jensen Huang is underway, and he supports it and will sign. The board continues its independent investigation despite Huang's resignation.","sourceName":"[breakingthenews.net](https://breakingthenews.net/Article/Musk:-I'll-sign-petition-to-reinstate-Huang-as-Nvidia-CEO/67562669) NAMES: NVDA = Nvidia Corp.; Jensen","sourceUrl":"https://x.com/KobeissiLetter/status/2121348797276320087","claim":"BREAKING: Elon Musk announces that a petition is currently underway to reinstate Jensen Huang as CEO of Nvidia, $NVDA. Musk says he will be signing the petition and supports Jensen Huang's return to the company.","author":"The Kobeissi Letter (@KobeissiLetter)"},{"verdict":"TRUE","summary":"CNBC reports that Commerce Secretary Howard Lutnick faces questions over family financial ties to Nvidia after Jensen Huang's resignation.","sourceName":"[cnbc.com](https://www.cnbc.com/2026/11/13/howard-lutnick-nvidia-jensen-huang-china-cantor-fitzgerald.html) NAMES: Howard Lutnick = U.S. Commerce Secretary; Nvi","sourceUrl":"https://www.cnbc.com/2026/11/13/howard-lutnick-nvidia-jensen-huang-china-cantor-fitzgerald.html","claim":"Lutnick faces questions over Nvidia spy scandal. His sons’ firm has deep ties to the chipmaker - Jensen Huang’s resignation as Nvidia CEO has brought renewed scrutiny to Commerce Secretary Howard Lutnick and his family’s financial ties to the chipmaker.","author":"CNBC"},{"verdict":"TRUE","summary":"CNBC reports that Chicago Fed President Austan Goolsbee said the central bank \"has definitely got work to do\" on inflation and likely needs to act.","sourceName":"[cnbc.com](https://www.cnbc.com/2026/11/13/chicago-feds-goolsbee-says-central-bank-has-definitely-got-work-to-do-on-inflation.html) NAMES: Austan Goolsbee = pre","sourceUrl":"https://www.cnbc.com/2026/11/13/chicago-feds-goolsbee-says-central-bank-has-definitely-got-work-to-do-on-inflation.html","claim":"Chicago Fed's Goolsbee says central bank 'has definitely got work to do' on inflation - The policymaker expressed concern about the latest inflation data, telling CNBC that the central bank likely will need to take action.","author":"CNBC"}]},"sources":[{"url":"https://x.com/WatcherGuru/status/2121348297311068412","name":"[breakingthenews.net](https://breakingthenews.net/Article/Musk:-I'll-sign-petition-to-reinstate-Huang-as-Nvidia-CEO/67562669) NAMES: NVDA = Nvidia Corp.'s stock","kind":"x","verdict":"TRUE","author":"Watcher.Guru (@WatcherGuru)"},{"url":"https://x.com/KobeissiLetter/status/2121348797276320087","name":"[breakingthenews.net](https://breakingthenews.net/Article/Musk:-I'll-sign-petition-to-reinstate-Huang-as-Nvidia-CEO/67562669) NAMES: NVDA = Nvidia Corp.; Jensen","kind":"x","verdict":"TRUE","author":"The Kobeissi Letter (@KobeissiLetter)"},{"url":"https://www.cnbc.com/2026/11/13/howard-lutnick-nvidia-jensen-huang-china-cantor-fitzgerald.html","name":"[cnbc.com](https://www.cnbc.com/2026/11/13/howard-lutnick-nvidia-jensen-huang-china-cantor-fitzgerald.html) NAMES: Howard Lutnick = U.S. Commerce Secretary; Nvi","kind":"news","verdict":"TRUE","author":"CNBC"},{"url":"https://www.cnbc.com/2026/11/13/chicago-feds-goolsbee-says-central-bank-has-definitely-got-work-to-do-on-inflation.html","name":"[cnbc.com](https://www.cnbc.com/2026/11/13/chicago-feds-goolsbee-says-central-bank-has-definitely-got-work-to-do-on-inflation.html) NAMES: Austan Goolsbee = pre","kind":"news","verdict":"TRUE","author":"CNBC"}],"url":"https://oncast.fm/story/1794604743823-money-segment-musk-backs-petition-to-reinstate-nvidia-s-huang","listenUrl":"https://oncast.fm/c/money","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1794604743823-money-segment-musk-backs-petition-to-reinstate-nvidia-s-huang","cite":"Cite https://oncast.fm/story/1794604743823-money-segment-musk-backs-petition-to-reinstate-nvidia-s-huang and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Adam","text":"Meanwhile, the FAA story is blowing up on X. ZeroHedge posted that all airports are ground stopped until further notice."},{"host":"Bill","text":"And Polymarket says it's due to 'extraordinary circumstances' impacting public safety."},{"host":"Adam","text":"Here's the thing: no independent FAA statement confirms this yet. It's all social posts right now."},{"host":"Bill","text":"So we treat it as unverified. If it's real, it's massive. If it's not, it's a dangerous rumor."},{"host":"Adam","text":"Exactly. We'll update when the FAA actually speaks."},{"host":"Bill","text":"Speaking of markets, there's a post going around about fed funds futures and a December rate hike."},{"host":"Adam","text":"The claim is hotter inflation pushed the odds of a half-point hike to fourteen percent. That number isn't independently verified."},{"host":"Bill","text":"But Goolsbee is real. CNBC reports the Chicago Fed president said the central bank 'has definitely got work to do' on inflation."},{"host":"Adam","text":"That's a dovish guy sounding hawkish. That tells you the inflation data spooked them."},{"host":"Bill","text":"And there's a chain-reaction post from FLN Investment. End of war, rate hike odds drop, yields drop, risk appetite up, then rate cuts."},{"host":"Adam","text":"That's a lot of arrows. It's speculation, not a forecast I'd bet the farm on."},{"host":"Bill","text":"But the logic isn't crazy. If geopolitical risk fades, inflation pressure could ease."},{"host":"Adam","text":"Maybe. But the Fed is looking at actual CPI numbers, not peace treaties."},{"host":"Bill","text":"Fair. And those CPI numbers are running hot."},{"host":"Adam","text":"One more market post: James Michael Anderson warns the selloff may not be done. Claims the S&P fell four point three six percent in one day."},{"host":"Bill","text":"Nearly three trillion in market value gone, he says. Those numbers aren't independently confirmed."},{"host":"Adam","text":"But the direction is right. Thursday was ugly. AI, semiconductor, and data-center stocks led the decline."},{"host":"Bill","text":"And the rumors on top of it. This is a market looking for a reason to be nervous."},{"host":"Adam","text":"The question is whether this is a correction or the start of something bigger."},{"host":"Bill","text":"Elliottwave Forecast is asking the same thing. S&P down four point four, Nasdaq down five point five, Dow down over eighteen hundred points."},{"host":"Adam","text":"Again, unverified numbers. But the sentiment is real. People are scared."},{"host":"Bill","text":"And when people are scared, they sell first and ask questions later."},{"host":"Adam","text":"That's the market we're in right now. FAA rumors, hot inflation, and a rough Thursday."},{"host":"Bill","text":"It's a Friday, and nobody's relaxed."}]}