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NVIDIA shareholders are filing a securities class action lawsuit against NVIDIA and its founder Jensen Huang, accusing them of misconduct that misled a large number of investors. This case stems from Jensen Huang's recent admission of an extramarital affair on the company's website. U.S. President Donald Trump continues to support Jensen Huang. On November 9, local time, Trump publicly backed Huang at a White House press conference, stating, "I believe him (Jensen Huang)."In response, the attorney for the securities class action lawsuit, Laurence Rosen, stated that Trump's claim that Huang was unaware and NVIDIA's board's assertion that national security was not compromised, even if true, cannot determine the outcome of the case.The issue in this lawsuit is whether the statements made on October 9, 2025, were misleading, and existing facts support this conclusion. Currently, the lawsuit is only against NVIDIA and Jensen Huang. Rosen indicated that it has not yet been determined whether other defendants, including members of the NVIDIA board, will be added.

According to Bitcoin.com News, former White House cryptocurrency advisor Patrick Witt stated that President Trump still intends to purchase Bitcoin for the United States' strategic Bitcoin reserve, but public market purchases face serious legal issues. Witt mentioned in the What Bitcoin Did podcast that the president is interested in this, and there have been many discussions related to it. An executive order from March 2025 established the reserve, gathering Bitcoin seized by the government, and instructed the Treasury and Commerce Departments to seek "budget-neutral" acquisition strategies, but no such strategies have been made public, nor has any public market purchase been announced.Witt indicated that due to Congress controlling federal spending, the "legitimacy" of direct public market purchases is in doubt. He also noted that concerns over purchases prompted Congress to include provisions in the National Defense Authorization Act prohibiting such actions, and he is working to push for permission and authorization for it. Witt pointed out that making the reserve permanent is more difficult, as passing a standalone bill in a divided Congress would be extremely challenging, and without legislation, the reserve would rely on executive orders, which future presidents could revoke.

U.S. Republican Senator Kevin Cramer accepted an interview with POLITICO and publicly called for Jensen Huang to resign as CEO of NVIDIA. He believes that Huang's extramarital affair poses a serious potential blackmail risk, especially considering that NVIDIA holds highly sensitive AI chip technology. Cramer stated, "The risk of being blackmailed is just too great; I think he must go."Cramer is a member of the U.S. Senate Banking Committee, which is reviewing several bills aimed at strengthening export controls on advanced AI chips. He believes that while it is certainly possible for NVIDIA's board to initiate an internal investigation, it is far from enough. Earlier that day, Larry Kudlow, the former director of the White House National Economic Council during Trump's first term, also publicly urged on Fox Business, "Mr. Huang, resign now." He believes this is a reasonable action for Jensen Huang to take at this time.As the controversy escalates, the U.S. Congress is also accelerating its scrutiny of NVIDIA's chip exports. The three bills under consideration by the Senate Banking Committee involve strengthening export approvals for advanced chips, tracking the destination of chips, and restricting the export of certain semiconductor manufacturing equipment. These bills are vying to be included in the annual National Defense Authorization Act and have not yet been fully passed.

According to a report by Reuters, three informed sources stated that Microsoft and other companies and industry groups are urging the Trump administration to stop plans to ban the import of key components for AI data centers from China. The Federal Communications Commission (FCC) is advancing a related ban involving new optical modules from China, which are used to transmit data via fiber optics within data centers and connect servers, routers, and switches. Microsoft has met with officials from the White House Office of Science and Technology Policy and the National Security Council to explain the supply chain challenges that the ban could bring.John Miller, Vice President of Policy and General Counsel at the Information Technology Industry Council, stated that many cloud service providers have procured AI chips, and without optical modules, these chips will not be able to interconnect. According to Cleanview data, Microsoft currently has 35 data centers under construction in the United States, with another 134 planned. Counterpoint Research data shows that Chinese companies account for about two-thirds of the global optical module market, with Eoptolink and Zhongji Xuchuang as major suppliers.

At a White House press conference, U.S. President Trump once again discussed the infidelity incident involving Jensen Huang, the founder and CEO of NVIDIA. Trump stated that he was shocked when he first heard about it, believing that Huang is a very high-quality person and that he is undoubtedly going through immense pain.On November 8 local time, Huang admitted to being unfaithful in a letter to his employees, stating that his actions hurt his wife and children, with no excuses, and he is willing to take full responsibility and accept criticism. Trump mentioned this matter during an interview with reporters before returning to Washington on the 8th, saying that he had not spoken to Huang about it, only knowing that he is a good person, but no one can say for sure what the situation really is.

Trump Media & Technology Group (DJT) announced its third-quarter financial report, with a net profit of $409.7 million, compared to a net loss of $54.8 million in the same period last year.The company's profits mainly come from realized and unrealized gains on digital assets, staked digital assets, and related securities, most of which are non-cash gains. As of the end of September, the company holds approximately 15,649 BTC.

During a press conference at the White House, U.S. President Trump stated that the conflict with Iran is moving towards a resolution, and that the U.S. currently sees no need to take military action against Iran. He emphasized that Iran will never be allowed to possess nuclear weapons, and there is absolutely no room for negotiation on this matter.

Warren's committee assistant stated that she plans to focus on predicting market regulation and the Trump family's cryptocurrency business after taking charge of the Senate Banking Committee in January next year.

Former U.S. President Trump posted on social media, questioning the legitimacy of the midterm elections, claiming that there were irregularities with early voting and voting machines. Trump also questioned why there was such a large discrepancy between election polls and results, but did not provide evidence of fraud.

According to reports from Saudi Arabia's Al Arabiya television, sources revealed that the Iraqi Prime Minister proposed suggestions to end the war with Iran during a phone conversation with U.S. President Trump. Trump expressed agreement with the suggestions made by the Iraqi Prime Minister during the phone call.Trump asked the Iraqi Prime Minister to play a mediating role on the issue of Iran and requested that the Iraqi Prime Minister convey relevant suggestions aimed at ending the war to Tehran.

According to The Block, U.S. President Trump was questioned during an interview with 60 Minutes about foreign investments and potential conflicts of interest related to his jointly held cryptocurrency company, World Liberty Financial. He stated that he was unaware of this and claimed that the company is run by his sons.When asked why he could not sell his shares while allowing his sons to continue running the company, Trump retorted about how to withdraw cash and stated that most of his wealth is held in large Wall Street institutions and invested in index funds. The report cited previous news from The Wall Street Journal that an investment vehicle supported by UAE National Security Advisor Sheikh Tahnoon had acquired a 49% stake in World Liberty Financial for $500 million before Trump's inauguration.

According to an interview with CBS News, U.S. President Trump confirmed that he is a co-owner of the cryptocurrency company World Liberty Financial, but stated that he knows nothing about the company's business.When asked about investors associated with the UAE government holding a stake in the company, and whether foreign investors believe they can gain influence through investment, Trump said he did not know and mentioned that his son runs the family business.

According to The Block, when asked about the allegations of conflicts of interest involving himself and his family's businesses, including cryptocurrency operations, U.S. President Trump stated, "Every president has their own issues."When pointed out that no previous U.S. president has owned a cryptocurrency company, Trump responded that past presidents also held significant assets like oil and believed that cryptocurrency is essentially similar to traditional business assets. He also stated that just because he is president, he cannot require his sons to stop running their businesses during his four-year term.

After the exposure of Jensen Huang's infidelity, U.S. President Trump was asked whether he planned to bring Jensen Huang along on his upcoming trip to Asia. Trump responded that he was not sure yet but would be willing to take Jensen Huang with him.

On November 9, Beijing time, according to a report by Reuters, U.S. President Trump stated in an interview with CBS's "60 Minutes" that the risks posed by artificial intelligence are manageable, and he does not mind setting regulatory guardrails. When asked whether the U.S. should accept the risks brought by artificial intelligence to maintain its leading edge over China, Trump said these dangers are controllable and expressed a willingness to work with Democrats to formulate relevant safeguards. Trump added that he does not want regulatory measures to cause the U.S. to fall behind China in the field of artificial intelligence, becoming a distant second.

On November 9, U.S. President Trump will meet with Qatar's Prime Minister and Minister of Foreign Affairs Mohammed bin Abdulrahman Al Thani at the White House to discuss U.S.-Iran mediation matters.The Prime Minister of Qatar stated that the mediation work is ongoing, and U.S. Vice President Pence is also actively involved in promoting a new ceasefire agreement between the U.S. and Iran. Trump indicated that if negotiations make progress, the likelihood of the U.S. launching military strikes against Iran will be very low.

Trump once again expressed support for NVIDIA CEO Jensen Huang, a statement made after Huang publicly admitted to infidelity. Trump stated that Jensen Huang is a good person who has made outstanding contributions to the United States, and he believes Huang should continue to serve as CEO of NVIDIA.This is not the first time Trump has voiced support for Huang. After the incident was exposed by the media, Trump previously stated that Huang is a great and talented person, and he wants to protect talented individuals. He respects and likes Huang and mentioned that he would get to the bottom of it.

According to Jinshi Data, during a telephone interview with CNN on Sunday local time, U.S. President Trump stated that as long as progress is made in negotiations regarding the Iranian nuclear issue and the reopening of the Strait of Hormuz, it is "extremely unlikely" that the U.S. will take military action against Iran again. He reiterated this judgment five times during the approximately 20-minute interview and stated that whether to take military action depends on whether Iran signs a very tough agreement.Trump also mentioned that the U.S. military is prepared for action. He stated that there are three aircraft carriers on standby in the Middle East, one of which has just arrived, and all are in a state of readiness. He also disclosed that power plants and 38 bridges have been listed as potential strike targets, stating that these bridges could be destroyed in about an hour, but he prefers to avoid destroying related infrastructure.Trump further stated that Iran's air defense equipment has been destroyed, and currently, only about 10% of its missile production capacity and about 15% of its drone production capacity remain. He also mentioned that Iran's inflation rate has reached 301% this year and stated that reaching an agreement remains a priority option, suggesting that further military action is most likely unnecessary.

According to Jinshi Data, U.S. President Trump stated to CBS that he may make adjustments to his administration.