{"id":74651,"date":"2026-11-13T13:38:18","date_gmt":"2026-11-13T17:38:18","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nvidia-eyes-arm-ceo-for-succession-feds-daly-warns-of-rate-hikes\/74651\/"},"modified":"2026-11-13T13:38:18","modified_gmt":"2026-11-13T17:38:18","slug":"nvidia-eyes-arm-ceo-for-succession-feds-daly-warns-of-rate-hikes","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nvidia-eyes-arm-ceo-for-succession-feds-daly-warns-of-rate-hikes\/74651\/","title":{"rendered":"Nvidia Eyes Arm CEO for Succession; Fed\u2019s Daly Warns of Rate Hikes"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> has reportedly approached <strong>Arm Holdings (<a href=\"\/stock\/ARM\">ARM<\/a>)<\/strong> CEO <strong>Rene Haas<\/strong> as a potential successor to <strong>Jensen Huang<\/strong>, following Huang&#39;s sudden departure amid a personal scandal.<\/li>\n<li><strong>San Francisco Fed President Mary Daly<\/strong> signaled a hawkish bias, stating that <strong>inflation remains a &quot;key problem&quot;<\/strong> and suggesting that interest rates may need to rise further to achieve price stability.<\/li>\n<li><strong>Anthropic CEO Dario Amodei<\/strong> warned of &quot;huge uncertainty&quot; for 2027, even as the AI lab prepares for a historic <strong>$1.4 trillion IPO<\/strong> next week.<\/li>\n<li><strong>OpenAI<\/strong> has disbanded its dedicated robotics team, shifting its strategy to use <strong>general-purpose AI models<\/strong> to power third-party hardware rather than developing in-house robotics.<\/li>\n<li><strong>EU Leaders<\/strong> met in Dublin for an informal council focused on <strong>AI sovereignty<\/strong> and European competitiveness, featuring testimony from <strong>Mistral AI<\/strong> CEO Arthur Mensch.<\/li>\n<\/ul>\n<h2>Nvidia Leadership Search Intensifies<\/h2>\n<p>The board of <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> has formally approached <strong>Arm Holdings (<a href=\"\/stock\/ARM\">ARM<\/a>)<\/strong> CEO <strong>Rene Haas<\/strong> to discuss the chief executive role, according to reports from the <em>Financial Times<\/em>. The search comes at a critical juncture for the chip giant following the resignation of <strong>Jensen Huang<\/strong> on Thursday. Haas, who previously led <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a>\u2019s computing products division for seven years, is considered a top-tier external candidate alongside internal favorites like <strong>Colette Kress<\/strong> and <strong>Ian Buck<\/strong>.<\/p>\n<p>Market reaction to the potential appointment of Haas has been mixed, as investors weigh his deep industry expertise against the stability of internal promotion. <em>Analysts suggest that Haas\u2019s existing relationship with <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a>\u2019s ecosystem makes him a natural fit, though his departure would leave a significant leadership vacuum at Arm.<\/em><\/p>\n<h2>Fed\u2019s Daly Maintains Hawkish Stance<\/h2>\n<p><strong>Federal Reserve<\/strong> Bank of San Francisco President <strong>Mary Daly<\/strong> reiterated on Friday that the central bank\u2019s primary focus remains the fight against persistent inflation. Daly stated that her &quot;bias is that rates need to go rise,&quot; noting that while the labor market remains stable, price pressures in the services sector are proving to be &quot;sticky.&quot;<\/p>\n<p>The remarks have led traders to increase the probability of a rate hike in the December FOMC meeting. <em>Daly emphasized that the Fed cannot afford to be complacent, warning that inflation shocks can compound if not addressed with further policy tightening.<\/em><\/p>\n<h2>AI Sector: Anthropic IPO and OpenAI Strategy Shift<\/h2>\n<p><strong>Anthropic<\/strong> CEO <strong>Dario Amodei<\/strong> expressed significant caution regarding the trajectory of the AI industry in 2027, citing rapid technological shifts and massive compute obligations. Despite this uncertainty, Anthropic is moving forward with its IPO, targeting a valuation of up to <strong>$1.4 trillion<\/strong>. The company is currently on a roadshow, pitching its &quot;safety-first&quot; models to institutional investors.<\/p>\n<p>In a parallel development, <strong>OpenAI<\/strong> has reorganized its internal structure by disbanding its stand-alone robotics research team. The company confirmed to <em>Fortune<\/em> that it will now focus on integrating its <strong>large-scale general models<\/strong> into robots built by partners. This move follows the end of its partnership with <strong>Figure<\/strong> and signals a shift toward software-centric scaling rather than hardware development.<\/p>\n<h2>European Union Focuses on AI Sovereignty<\/h2>\n<p>At an informal <strong>European Council<\/strong> press conference in Dublin, EU leaders discussed the &quot;Year of Competitiveness,&quot; with a specific focus on <strong>Artificial Intelligence<\/strong>. President <strong>Ant\u00f3nio Costa<\/strong> and Commission President <strong>Ursula von der Leyen<\/strong> hosted industry experts to discuss reducing Europe&#39;s &quot;critical dependencies&quot; on foreign AI infrastructure.<\/p>\n<p>The council highlighted the need for <strong>public and private investment at scale<\/strong> to ensure European AI sovereignty. <em>The presence of Mistral AI\u2019s CEO at the summit underscored the EU\u2019s desire to foster homegrown champions capable of competing with US-based giants like <a href=\"https:\/\/stockmarketwatch.com\/stock\/MSFT\" data-internallinksmanager029f6b8e52c=\"18\" title=\"Stock: MSFT\">Microsoft<\/a> (<a href=\"\/stock\/MSFT\">MSFT<\/a>) and Google (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>).<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Nvidia (NVDA) has reportedly approached Arm Holdings (ARM) CEO Rene Haas as a potential successor to Jensen Huang, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[33,225,633,3703,3709,3735,4222,4223],"class_list":["post-74651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-msft","tag-aapl","tag-nvda","tag-ai","tag-fed","tag-arm","tag-interest-rates","tag-inflation"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/74651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=74651"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/74651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=74651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=74651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=74651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}