THE STREET · 2026-11-12 14:25 UTC

Nvidia CEO Jensen Huang resigns after Binance traders priced in his exit

Nvidia's board announced that CEO and co-founder Jensen Huang has resigned, with CFO Colette Kress serving as interim CEO while a permanent replacement is sought. The move followed weeks of controversy, including an alleged affair with a Chinese spy, and pushed Nvidia's stock to eight-month lows over national security concerns. Binance's NVDAUSDT perpetual contract fell about 8.8% below Nvidia's $173.73 Wednesday close after hours, with roughly $2 billion in 24-hour volume.

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