Jensen Huang resigns as Nvidia’s CEO, president and board member with fast impact on Thursday, November 12, the corporate’s board stated, ending a 33-year run on the chipmaker he co-founded after every week of reviews about two alleged affairs.
Chief monetary officer Colette Kress is interim CEO. Nvidia will search inside and out of doors the corporate for a everlasting alternative.
BREAKING: NVIDIA CEO Jensen Huang resigns
— The Spectator Index (@spectatorindex) November 12, 2026
Tokenized Nvidia shares took the information first. The Nasdaq was nonetheless closed, however Hyperliquid’s 24/7 NVDA contract fell to $154.27 inside minutes, its lowest worth because the market opened a yr in the past. On the Nasdaq, NVDA has not traded that low since early July 2025.
The token trades at $155.88, down 10.3% from Wednesday’s Nasdaq shut of $173.73. The 4 greatest tokenized variations on CoinGecko are all down between 9.7% and 10.5% in 24 hours.
So what do we all know in regards to the Jensen Huang resignation, and the way laborious did tokenized merchants react?
NVIDIA CEO Jensen Huang Resigns: What Nvidia Stated
Nvidia introduced the change in a brief launch on Thursday morning, U.S. time. It gave no cause for Huang’s exit.
- Huang: Resigned as president, CEO and a member of the board, efficient instantly.
- Colette Kress: Interim CEO. She stays chief monetary officer, a job she has held since 2013.
- Harvey C. Jones: Named Nvidia’s first-ever chair of the board. He’s a former CEO of Synopsys.
- Earnings: Third-quarter outcomes keep on schedule for Tuesday, November 17, with the decision at 2 p.m. PT.
Kress stated she is “dedicated to constructing on the extraordinary basis Jensen created during the last 33 years.” The board stated it expects “operations, buyer commitments and product roadmap to proceed with out interruption.”
The exit ends a fast-moving week. On Sunday, the board opened an investigation after reviews that Huang had been “the goal of a overseas intelligence effort”. These reviews centered on his relationship with Alice Huang, a knowledge middle govt suspected of spying for China. On Tuesday, it employed former appearing U.S. Lawyer Joon H. Kim to run the probe. A report of a second alleged affair, with an Nvidia vp, adopted on Wednesday.
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Tokenized NVDA Traded $128 Million in 15 Minutes
We pulled each 5-minute candle of Hyperliquid’s xyz:NVDA contract on Thursday to see how briskly the information hit.
- Earlier than: Within the hour earlier than the announcement, the contract traded about $4.2 million each 5 minutes.
- The spike: Within the quarter-hour from 13:45 UTC, $128.2 million modified palms. The busiest 5-minute candle noticed $55.7 million, 13 instances the sooner tempo.
- The worth: The token fell from $159.38 to $154.27 in ten minutes, a 3.2% drop on prime of Wednesday evening’s slide.
Prediction markets moved simply as quick. On Polymarket, the chances that Huang’s exit could be introduced by November 12 sat at 37.5% at 13:40 UTC. Ten minutes later they had been 99.5%.
The opposite tokenized variations adopted. Over 24 hours, NVDAb on bStocks is down 10.5%, NVDAx on xStocks 10%, and Ondo’s NVDAon 10.3%. NVDAb alone has traded $212 million in that point, greater than its personal $150 million market worth.
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Polymarket Nonetheless Favors an Insider to Exchange Jensen Huang
Kress is a placeholder for now, and the hunt for the everlasting Jensen Huang successor has simply began. Polymarket’s market on the subsequent everlasting CEO, which doesn’t depend interim chiefs, nonetheless has two insiders in entrance:
- Ian Buck: 27.5%. He runs Nvidia’s hyperscale and high-performance computing enterprise and created CUDA, the software program that ties AI builders to Nvidia chips.
- Colette Kress: 24.8%, if the board makes her function everlasting.
- Rene Haas: 4.6%. The Arm CEO and a former Nvidia govt.
Solely about $172,000 has been guess on that market, so a couple of merchants can swing it.
NVDA Value Evaluation: $154 Is the Line Earlier than the Open
On the hourly chart, the place every candle covers one hour, the token trades at $156.18. It sits far beneath its 50-hour exponential transferring common (EMA), a mean that offers latest costs extra weight, at $167.99.
- Resistance: $162.83, the March 31 low, which broke on Wednesday evening and now caps rebounds. Then $178.37, Wednesday’s excessive earlier than the information.
- Assist: $154.27, Thursday’s post-announcement low. Beneath that, the subsequent ground on the Nasdaq chart is $151.49, the July 1, 2025 low.
With the Nasdaq set to open at 14:30 UTC, tokenized merchants reacted to the information earlier than Wall Road may. As Jensen Huang resigns, tokenized NVDA shares have fallen 10%, reflecting issues over his departure. The following key take a look at comes on November 17, when interim CEO Colette Kress presents Nvidia’s earnings.
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