Nancy|Nov 12, 2026 14:13
My goodness! 33 years have come to an end in one night. Jensen Huang has just resigned as CEO of Nvidia, relinquishing his positions as president and board member, effective immediately.
Nvidia's board announced tonight that CFO Colette Kress will serve as interim CEO, and a global search has been launched to consider both internal and external candidates. Upon the news, Nvidia's pre-market stock immediately fell by about 10%.
This storm came too quickly. On November 8th, Huang admitted to an extramarital affair in a letter to employees, with his mistress allegedly working for Chinese intelligence agencies by US media. The board launched an independent investigation that same day, emphasizing that "he will continue to serve as CEO." Then, another extramarital affair was exposed, and on November 11th, the Wall Street Journal reported that the board was preparing to replace him, causing the stock to fall by over 8% in after-hours trading. Today, the dust has settled.
Founded in 1993, Nvidia has grown from a graphics card company to an AI empire; he has always been the "face of the AI bull market." The problem is that Nvidia has never publicly announced a successor, and the cryptocurrency world is no exception. On the day the investigation began, BTC briefly fell to $73,500, its lowest level since August, with approximately $1.1 billion in positions liquidated across the network. Now, BTC and AI stocks are moving almost in tandem. Tonight's opening of the US stock market may be the next test.
Without Jensen Huang, would you still hold Nvidia?
⚠️ Not investment advice · DYOR
Jensen Huang, Nvidia, Bitcoin
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