nvidia

According to The Information, the interim CEO of Nvidia is not the leader of the company's major decisions and is not responsible for setting the agenda for significant company decisions.Additionally, according to data from the Gate platform, Nvidia's intraday decline has narrowed to within 4%.

U.S. Democratic Senator Reid stated that Congress needs to assess whether Nvidia is "too big to fail" and what impact this may have on the banking system.

According to the American financial media Semafor, Nvidia (NVDA.O) is under investigation by the U.S. Department of Justice for antitrust issues.

Financial market research firm Vanda stated that retail investors net bought $111 million worth of Nvidia (NVDA.O) stock within the first half hour after the market opened, setting a record for the largest net buy by retail investors during the opening phase of the stock.

According to market news, Jensen Huang will no longer hold any position at NVIDIA in the future.

On August 21 of this year, U.S. President Trump submitted documents declaring the sale of up to 1 million dollars worth of Nvidia (NVDA) stock.Since the date of this declaration, Nvidia's stock price has fallen by a total of 29%, currently reported at 160.64 dollars.

According to a report by Reuters, an internal memo shows that NVIDIA's interim CEO Colette Kress stated that the company will hold an all-staff meeting at 1 AM on November 19 (UTC+8).Previously, it was announced that NVIDIA will release its financial results for the third quarter of fiscal year 2027 on November 17 and hold an earnings conference call, with arrangements remaining unchanged.

According to CNN, despite the increasing scrutiny surrounding Nvidia (NVDA.O), Trump continues to support U.S. Secretary of Commerce Gina Raimondo.

According to Gate market data, after the U.S. stock market opened, Nvidia's stock price rebounded strongly, currently reported at 160 USD, having erased the decline following Jensen Huang's resignation announcement.

Binance founder Zhao Changpeng stated that it was a mistake for Nvidia to force Jensen Huang to resign.

According to Gate market data, NVIDIA (NVDA.O) fell by 14%, with a market value dropping below $4 trillion for the first time since July 2025.

NVIDIA's board of directors announced today that co-founder Jensen Huang has resigned from his positions as President, Chief Executive Officer, and Director, effective immediately. The company's current Executive Vice President and Chief Financial Officer Colette Kress will serve as interim CEO while continuing to manage the company as CFO. The board has initiated the selection process for a new CEO, considering both internal and external candidates.The 58-year-old Kress joined NVIDIA in September 2013 and has been with the company for over 13 years, being one of the core management members who accompanied NVIDIA's growth from a graphics chip manufacturer to a global AI chip giant. During her tenure, NVIDIA's annual revenue grew from approximately $4.1 billion in fiscal year 2013 to $21.59 billion in fiscal year 2026.Before joining NVIDIA, Kress worked at Cisco for 3 years and spent 13 years at Microsoft, where she served as the financial leader of the Server and Tools division, and also worked at Texas Instruments for 8 years. She has long been responsible for NVIDIA's financial strategy, capital allocation, performance disclosure, and investor relations, serving as an important representative for the company in communications with Wall Street, and has participated in the company's quarterly earnings call multiple times.

NVIDIA (NVDA.O) today announced that Jensen Huang has resigned from his positions as President, Chief Executive Officer, and Board Member effective immediately. Harvey C. Jones has been appointed as the company's first Chairman of the Board.Jones has been the Managing Partner of the private investment firm Square Wave Ventures since 2004, with over 30 years of experience in entrepreneurship, high-tech business management, and venture capital. In 1981, he co-founded the computer-aided engineering company Daisy Systems and eventually served as the company's President and CEO until 1987.From 1987 to 1998, he led the large electronic design automation company Synopsys, serving as CEO for seven years and Executive Chairman. In 1997, Jones co-founded the private technology intellectual property company Tensilica, which specializes in developing and licensing high-performance embedded processor cores.Since the company's inception, Jones has served as Chairman of the Board of Tensilica until the company was acquired by Cadence Design Systems in 2013. Jones holds a Bachelor’s degree in Mathematics and Computer Science from Georgetown University and a Master’s degree in Management from the Massachusetts Institute of Technology. He joined the NVIDIA Board of Directors in 1993.

The NVIDIA board announced today that Jensen Huang has resigned from all positions as President, CEO, and board member of the company, effective immediately. The company has not arranged for him to take on any advisory or other formal roles. Current CFO Colette Kress will serve as interim CEO, and the board has initiated a formal search for a successor.Jensen Huang currently has a relationship with NVIDIA only as a major shareholder, holding approximately 3.6% of the shares (previously disclosed as about 871 million shares, most of which are held jointly with his wife), with a significant market value, ranking among the top investors. As a common shareholder, he enjoys corresponding voting rights and economic benefits, but cannot independently control the board or company decisions (NVIDIA has a single class common stock structure, with no dual-class super voting rights).The NVIDIA announcement only emphasized his contributions over the past 33 years and stated that the company will continue to move forward based on the foundation he has laid, without mentioning any transitional advisory roles, honorary positions, consulting arrangements, or other ongoing management/decision-making roles.

According to monitoring by Lookonchain, a giant whale address holds 60,000 units of NVDA perpetual contract long positions, valued at approximately 9.35 million dollars, and has placed limit orders to buy an additional 20,000 units in the price range of 150.24 to 154.20 dollars, with an order value of about 3.04 million dollars.The accompanying image shows that the entry price for the NVDA long position at this address is 159.19 dollars, using 20 times full leverage; this address also holds long positions in MU perpetual contracts valued at approximately 30.69 million dollars.

According to Gate Market, U.S. chip stocks continued to decline in pre-market trading after Jensen Huang announced his resignation as CEO. Intel (INTC.O) fell 3.7%, Marvell Technology (MRVL.O) fell 5.2%, Micron Technology (MU.O) fell 5.2%, Arm (ARM.O) fell 4.1%, SK Hynix (SKHY.O) fell 5.1%, and TSMC (TSM.N) fell 3.5%.