THE BLOCK · 2026-11-12 02:23 UTC

Nvidia perps plunge 10% on Hyperliquid as board reportedly weighs ousting Jensen Huang

Nvidia perpetual futures on Hyperliquid fell as much as 10% late Wednesday, hitting a low near $156.14, and Nvidia's Nasdaq-listed shares dropped 8% after hours. The Wall Street Journal reported, citing people familiar with the matter, that Nvidia's board could meet as soon as Wednesday to discuss CEO Jensen Huang's future over two extramarital affairs, one involving a suspected Chinese spy. Kalshi odds of Huang stepping down before Nov. 13, 2026 rose to 64% from about 37%, while Polymarket showed a 71% chance he leaves by Nov. 13.

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