Jensen Huang resigns as Nvidia’s CEO, president and board member with immediate effect on Thursday, November 12, the company’s 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 for a permanent replacement.
BREAKING: NVIDIA CEO Jensen Huang resigns
— The Spectator Index (@spectatorindex) November 12, 2026
Tokenized Nvidia shares took the news first. The Nasdaq was still closed, but Hyperliquid’s 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.
The token trades at $155.88, down 10.3% from Wednesday’s Nasdaq close of $173.73. The four biggest tokenized versions on CoinGecko are all down between 9.7% and 10.5% in 24 hours.
So what do we know about the Jensen Huang resignation, and how hard did tokenized traders react?
NVIDIA CEO Jensen Huang Resigns: What Nvidia Said
Nvidia announced the change in a short release on Thursday morning, U.S. time. It gave no reason for Huang’s exit.
- Huang: Resigned as president, CEO and a member of the board, effective immediately.
- Colette Kress: Interim CEO. She stays chief financial officer, a role she has held since 2013.
- Harvey C. Jones: Named Nvidia’s first-ever chair of the board. He is a former CEO of Synopsys.
- Earnings: Third-quarter results stay on schedule for Tuesday, November 17, with the call at 2 p.m. PT.
Kress said she is “committed to building on the extraordinary foundation Jensen created over the last 33 years.” The board said it expects “operations, customer commitments and product roadmap to continue without interruption.”
The exit ends a fast-moving week. On Sunday, the board opened an investigation after reports that Huang had been “the target of a foreign intelligence effort”. 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.
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Tokenized NVDA Traded $128 Million in 15 Minutes
We pulled every 5-minute candle of Hyperliquid’s xyz:NVDA contract on Thursday to see how fast the news hit.
- Before: In the hour before the announcement, the contract traded about $4.2 million every five minutes.
- The spike: 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.
- The price: The token fell from $159.38 to $154.27 in ten minutes, a 3.2% drop on top of Wednesday night’s slide.
Prediction markets moved just as fast. On Polymarket, the odds that Huang’s exit would be announced by November 12 sat at 37.5% at 13:40 UTC. Ten minutes later they were 99.5%.
The other tokenized versions followed. 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 time, more than its own $150 million market value.
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Polymarket Still Favors an Insider to Replace Jensen Huang
Kress is a placeholder for now, and the hunt for the permanent Jensen Huang successor has just started. Polymarket’s market on the next permanent CEO, which does not count interim chiefs, still has two insiders in front:
- Ian Buck: 27.5%. He runs Nvidia’s hyperscale and high-performance computing business and created CUDA, the software that ties AI developers to Nvidia chips.
- Colette Kress: 24.8%, if the board makes her role permanent.
- Rene Haas: 4.6%. The Arm CEO and a former Nvidia executive.
Only about $172,000 has been bet on that market, so a few traders can swing it.
NVDA Price Analysis: $154 Is the Line Before the Open
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.
- Resistance: $162.83, the March 31 low, which broke on Wednesday night and now caps rebounds. Then $178.37, Wednesday’s high before the news.
- Support: $154.27, Thursday’s post-announcement low. Below that, the next floor on the Nasdaq chart is $151.49, the July 1, 2025 low.
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’s earnings.
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The post Jensen Huang Resigns as Nvidia CEO and Tokenized NVDA Plummets: Who Will Be the Next CEO? appeared first on 99Bitcoins.
