The latest Nvidia news on Friday, November 13, came as the chipmaker entered its first full day under interim CEO Colette Kress. Jensen Huang had resigned a day earlier, ending his 33-year tenure at the company he co-founded.<\/p>\n
The fallout is still spreading. Congress wants Huang to testify, the board\u2019s investigation into his conduct is still running, and Nvidia reports quarterly results on Tuesday.<\/p>\n
Many people are not happy with how it ended. Employees flooded an internal message board with calls to \u201cbring the boss back\u201d after his exit. Tech leaders from Binance founder Changpeng Zhao to Epic Games CEO Tim Sweeney called the exit a mistake, and President Donald Trump called it \u201ca horrible thing.\u201d<\/p>\n
BREAKING: An internal post urging Nvidia\u2019s, $NVDA<\/a>, board to reinstate Jensen Huang has drawn over 1,600 comments, with the majority in \u201cfull support\u201d of reinstating him, per WIRED.<\/p>\n The post urges the Board of Directors to \u201cconsider employee sentiment\u201d regarding Jensen Huang\u2019s\u2026<\/p>\n \u2014 The Kobeissi Letter (@KobeissiLetter) November 13, 2026<\/a><\/p>\n\n Nvidia stock opened 13.1% lower on Thursday, its second-worst start to a trading day since at least 2020, before recovering to close down 4.3%. Tokenized NVDA, which trades around the clock on crypto exchanges, is now pointing to a higher open.<\/p>\n In this Nvidia news roundup: what has changed since the resignation, why so many are upset, and what traders are betting on next.<\/p>\n Nvidia\u2019s board announced on Thursday<\/a> that Huang had resigned as president, CEO and director with immediate effect. Since then, the main updates are:<\/p>\n New leadership:<\/strong> Kress, CFO since 2013, runs the company as interim CEO and keeps her finance job. Harvey C. Jones, a director since 1993, is Nvidia\u2019s first-ever board chair. The board will look at inside and outside candidates for a permanent CEO and gave no timeline. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2026<\/a><\/strong><\/p>\n Huang admitted on November 8 that he had been \u201cunfaithful\u201d to his wife, and the reports only grew from there. Even so, a loud group thinks the board went too far, too fast.<\/p>\n Employees:<\/strong> A post on Nvidia\u2019s internal suggestion board drew more than 1,600 comments, most of them backing Huang. \u201cIf you believe in this company\u2019s mission, bring the boss back,\u201d one employee wrote. Staff also want to know why Huang left before the investigation finished. In a Blind poll of 232 Nvidia staff on November 9 and 10, 88% said he should stay. The other side has a case too. Some governance experts say the board had little choice once Congress, the Justice Department and a possible security risk were involved. Investor Jason Calacanis told shareholders to wait for the investigation\u2019s findings before judging.<\/p>\n DISCOVER: Bitcoin ETF Paradox: NVDA Stock Has a CEO Premium That Bitcoin Never Needed<\/a><\/strong><\/p>\n The doubt shows up in the latest Nvidia news from prediction markets too. On Polymarket\u2019s next Nvidia CEO market, which does not count interim CEOs, we compared the odds 40 minutes after the announcement with the odds on Friday morning.<\/p>\n Colette Kress:<\/strong> down from 31.3% to 13.9%, less than half. \nTrading has jumped too. About $1.16 million has now changed hands on the market, up from $311,000 on Thursday afternoon. A separate, much smaller market gives Huang a 29% chance of rejoining Nvidia by the end of 2027, up from 15% when it opened on Thursday evening.<\/p>\n On Thursday, NVDA opened at $151.01, down 13.1%, and fell as low as $148.80. Buyers stepped in, and it closed at $166.19, down 4.3%. Only August 5, 2024 started worse since 2020.<\/p>\n Tokenized NVDA kept trading after the bell. On Hyperliquid, xyz:NVDA trades at $170.65, up about 6% in 24 hours, on $1.9 billion of volume. NVDA traded at $171.10 before the U.S. open, up 3%. It is still down 28% from its record close of $239.24 on October 6.<\/p>\n On the 4-hour chart, where each candle covers four hours, xyz:NVDA is still below its 50-period exponential moving average (EMA), an average that gives recent prices more weight, at $178.57. The 200-period EMA sits much higher at $200.65.<\/p>\n Resistance:<\/strong> $178.37, the November 11 high, right next to the 50-period EMA. Then $200.65, the 200-period EMA. NVDA 4H chart. Source: Hyperliquid<\/p>\n Path Push higher<\/strong> Stall<\/strong> Slip<\/strong> For readers following Nvidia news, Tuesday\u2019s results are the next big test. Kress has to show that the business runs without Huang, while employees, investors and traders are still arguing over whether he should have gone at all.<\/p>\n DISCOVER: 16+ New and Upcoming Binance Listings 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 Nvidia Without Jensen Huang: Kress Takes Charge But Huang\u2019s Departure Divides Silicon Valley<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The latest Nvidia news on Friday, November 13, came as the chipmaker entered its first full day under interim CEO Colette Kress. Jensen Huang had resigned a day earlier, ending his 33-year tenure at the company he co-founded. The fallout is still spreading. Congress wants Huang to testify, the board\u2019s investigation into his conduct is […]<\/p>\n","protected":false},"author":0,"featured_media":251229,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-251228","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\/251228"}],"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=251228"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/251228\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/251229"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=251228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=251228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=251228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Latest Nvidia News: Kress In Charge, Congress Calling, Earnings on Tuesday<\/h2>\n
\nThe investigation:<\/strong> The board\u2019s probe, run by law firm Wachtell, Lipton, Rosen & Katz, continues. It covers reports of Huang\u2019s relationships, including one with a woman described as a suspected Chinese intelligence asset. The board has said it has \u201cno reason to believe\u201d any national security or company secrets were compromised.
\nCongress:<\/strong> House Foreign Affairs chair Brian Mast said Huang has agreed to appear before lawmakers. Senate Banking chair Tim Scott separately asked him to testify on December 3.
\nLegal:<\/strong> Huang has hired law firm Paul Weiss, and the Rosen Law Firm has started a shareholder class action.
\nEarnings:<\/strong> Kress presents third-quarter results on Tuesday, November 17, as both interim CEO and CFO. The next Nvidia news from the company itself comes with that call.<\/p>\nEmployees, Tech Leaders and Trump Push Back on Huang\u2019s Exit<\/h2>\n
\nTech and crypto leaders:<\/strong> Binance founder Changpeng Zhao wrote that it was \u201ca mistake for Nvidia to let Jensen resign\u201d in a post on X. Solana co-founder Raj Gokal called the exit a \u201cgenerational fumble\u201d for the company. Tim Sweeney called it \u201ca sad day,\u201d and podcaster Lex Fridman compared it to Apple firing Steve Jobs.
\nWall Street:<\/strong> Cantor Fitzgerald\u2019s C.J. Muse cut his price target to $250 from $350 and warned the U.S. is \u201cgiving up the lead in AI\u201d to China. At least two other banks, Stifel and Baird, also cut their targets.
\nThe White House:<\/strong> Trump called Huang\u2019s exit \u201ca horrible thing\u201d and said Apple\u2019s Tim Cook should replace him.<\/p>\nBacklash Dominates Nvidia News as Traders Doubt Kress Will Keep the CEO Job<\/strong><\/h2>\n
\nIan Buck:<\/strong> the head of Nvidia\u2019s data center computing business and creator of CUDA leads at 28.5%.
\nOutsiders gained:<\/strong> Arm CEO Rene Haas rose from 4.5% to 12.8%. Apple chip chief Johny Srouji, in a market added on Thursday, is at 9.8%. Tim Cook, Trump\u2019s pick, sits at 4.5%.<\/p>\nNVDA Price Analysis: Tokenized NVDA Points to a Higher Open<\/h2>\n
\nSupport:<\/strong> $162.45, Friday\u2019s low, then $148.86, Thursday\u2019s low.<\/p>\n
\nWhat has to happen
\nNext stop<\/p>\n
\nA calm earnings call on Tuesday and a close above $178.37
\n$200.65, the 200-period EMA<\/p>\n
\nHolding between $162.45 and $178.37 while the investigation runs
\nA range into the November 17 results<\/p>\n
\nNew allegations or weak guidance, and a close below $162.45
\n$148.86, Thursday\u2019s low<\/p>\n<\/div>\n