Besennt says Nvidia needs a major restructuring of its leadership team.

US Treasury Secretary Bessent stated that after the removal of Jensen Huang, NVIDIA (NVDA.US) needs a major overhaul of its leadership team. Bessent said that given the consecutive allegations against NVIDIA, the company should consider searching for new leadership externally. He stated: "This leads me to believe that, in the process of selecting new leadership, the board should seek candidates from outside the company. They need to implement a substantial restructuring of the leadership team." Bessent also expressed his hope to understand whether NVIDIA intentionally ignored warning signs related to shell companies. Bessent said: "What I always want to ask is, what kind of corporate culture exists within NVIDIA? Did they actively facilitate these seemingly illegal sales transactions in order to boost revenue and profits?" He added: "I believe the board and external legal counsel need to provide answers within the next 10 days."