It’s a tricky time to be a corporate chief executive, as tariffs, trade wars, and the red meat politics of the Trump presidency sow chaos across markets and supply chains. But no CEO may find it more difficult than Nvidia boss Jensen Huang, whose company announced a $4.5 billion hit to inventory on Wednesday as a result of a new U.S. policy on chip exports.
As Huang spoke to analysts and investors on the company’s earnings call, the CEO demonstrated an impressive feat of gymnastics, walking a fine line to critique the Trump policy that left a massive hole in his company’s income statement while being careful not to provoke the president.
