Jensen Huang resigns as Nvidia\u2019s CEO, president and board member with immediate effect on Thursday, November 12, the company\u2019s board said, ending a 33-year run at the chipmaker he co-founded after a week of reports about two alleged affairs.<\/p>\n
Chief financial officer Colette Kress is interim CEO. Nvidia will search inside and outside the company for a permanent replacement.<\/p>\n
BREAKING: NVIDIA CEO Jensen Huang resigns<\/p>\n
\u2014 The Spectator Index (@spectatorindex) November 12, 2026<\/a><\/p>\n\n Tokenized Nvidia shares took the news first. The Nasdaq was still closed, but Hyperliquid\u2019s 24\/7 NVDA contract fell to $154.27 within minutes, its lowest price since the market opened a year ago. On the Nasdaq, NVDA has not traded that low since early July 2025.<\/p>\n The token trades at $155.88, down 10.3% from Wednesday\u2019s Nasdaq close of $173.73. The four biggest tokenized versions on CoinGecko are all down between 9.7% and 10.5% in 24 hours.<\/p>\n So what do we know about the Jensen Huang resignation, and how hard did tokenized traders react?<\/p>\n Nvidia announced the change<\/a> in a short release on Thursday morning, U.S. time. It gave no reason for Huang\u2019s exit.<\/p>\n Huang:<\/strong> Resigned as president, CEO and a member of the board, effective immediately. Kress said she is \u201ccommitted to building on the extraordinary foundation Jensen created over the last 33 years.\u201d The board said it expects \u201coperations, customer commitments and product roadmap to continue without interruption.\u201d<\/p>\n The exit ends a fast-moving week. On Sunday, the board opened an investigation after reports that Huang had been \u201cthe target of a foreign intelligence effort\u201d. Those reports centered on his relationship with Alice Huang, a data center executive suspected of spying for China. On Tuesday, it hired former acting U.S. Attorney Joon H. Kim to run the probe. A report of a second alleged affair, with an Nvidia vice president, followed on Wednesday.<\/p>\n DISCOVER: Bitcoin ETF Paradox: NVDA Stock Has a CEO Premium That Bitcoin Never Needed<\/a><\/strong><\/p>\n We pulled every 5-minute candle of Hyperliquid\u2019s xyz:NVDA contract on Thursday to see how fast the news hit.<\/p>\n Before:<\/strong> In the hour before the announcement, the contract traded about $4.2 million every five minutes. \nPrediction markets moved just as fast. On Polymarket, the odds that Huang\u2019s exit would be announced by November 12 sat at 37.5% at 13:40 UTC. Ten minutes later they were 99.5%.<\/p>\n The other tokenized versions followed. Over 24 hours, NVDAb on bStocks is down 10.5%, NVDAx on xStocks 10%, and Ondo\u2019s NVDAon 10.3%. NVDAb alone has traded $212 million in that time, more than its own $150 million market value.<\/p>\n DISCOVER: Top 20 Crypto to Buy in 2026<\/a><\/strong><\/p>\n Kress is a placeholder for now, and the hunt for the permanent Jensen Huang successor has just started. Polymarket\u2019s market on the next permanent CEO, which does not count interim chiefs, still has two insiders in front:<\/p>\n Ian Buck:<\/strong> 27.5%. He runs Nvidia\u2019s hyperscale and high-performance computing business and created CUDA, the software that ties AI developers to Nvidia chips. Only about $172,000 has been bet on that market, so a few traders can swing it.<\/p>\n On the hourly chart, where each candle covers one hour, the token trades at $156.18. It sits far below its 50-hour exponential moving average (EMA), an average that gives recent prices more weight, at $167.99.<\/p>\n Resistance:<\/strong> $162.83, the March 31 low, which broke on Wednesday night and now caps rebounds. Then $178.37, Wednesday\u2019s high before the news. With the Nasdaq set to open at 14:30 UTC, tokenized traders reacted to the news before Wall Street could. As Jensen Huang resigns, tokenized NVDA shares have fallen 10%, reflecting concerns over his departure. The next key test comes on November 17, when interim CEO Colette Kress presents Nvidia\u2019s earnings.<\/p>\n DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2026<\/a><\/strong><\/p>\n Follow 99Bitcoins on X<\/a> For the Latest Market Updates, and Subscribe on YouTube<\/a> For Daily Expert Market Analysis.<\/p>\n The post Jensen Huang Resigns as Nvidia CEO and Tokenized NVDA Plummets: Who Will Be the Next CEO?<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Jensen Huang resigns as Nvidia\u2019s CEO, president and board member with immediate effect on Thursday, November 12, the company\u2019s board said, ending a 33-year run at the chipmaker he co-founded after a week of reports about two alleged affairs. Chief financial officer Colette Kress is interim CEO. Nvidia will search inside and outside the company […]<\/p>\n","protected":false},"author":0,"featured_media":250764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-250763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/250763"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=250763"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/250763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/250764"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=250763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=250763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=250763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}NVIDIA CEO Jensen Huang Resigns: What Nvidia Said<\/h2>\n
\nColette Kress:<\/strong> Interim CEO. She stays chief financial officer, a role she has held since 2013.
\nHarvey C. Jones:<\/strong> Named Nvidia\u2019s first-ever chair of the board. He is a former CEO of Synopsys.
\nEarnings:<\/strong> Third-quarter results stay on schedule for Tuesday, November 17, with the call at 2 p.m. PT.<\/p>\nTokenized NVDA Traded $128 Million in 15 Minutes<\/h2>\n
\nThe spike:<\/strong> In the 15 minutes from 13:45 UTC, $128.2 million changed hands. The busiest 5-minute candle saw $55.7 million, 13 times the earlier pace.
\nThe price:<\/strong> The token fell from $159.38 to $154.27 in ten minutes, a 3.2% drop on top of Wednesday night\u2019s slide.<\/p>\nPolymarket Still Favors an Insider to Replace Jensen Huang<\/h2>\n
\nColette Kress:<\/strong> 24.8%, if the board makes her role permanent.
\nRene Haas:<\/strong> 4.6%. The Arm CEO and a former Nvidia executive.<\/p>\nNVDA Price Analysis: $154 Is the Line Before the Open<\/h2>\n
\nSupport:<\/strong> $154.27, Thursday\u2019s post-announcement low. Below that, the next floor on the Nasdaq chart is $151.49, the July 1, 2025 low.<\/p>\n