Bessent questions did Nvidia "goose" earnings with suspect China chip sales

Treasury Secretary Scott Bessent raised concerns about potential inflated earnings at Nvidia due to questionable chip sales to China, suggesting the company might have manipulated its financials. This scrutiny is significant given Nvidia's pivotal role in the AI sector, which has been a driver of U.S. economic growth. Bessent's call for an outsider CEO further underscores the gravity of these allegations, potentially shaking investor confidence and impacting market stability. The controversy has already led to a sharp decline in Nvidia's stock since October.