Crypto Paris: Nvidia falls more than 8%, Polymarket anticipates departure of Jensen Huang

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The New York Times reports, on the basis of five people who worked at Nvidia, that Jensen Huang allegedly had an affair with Kimberly Powell, vice-president in charge of health activities and placed under his direct authority. Reuters indicates that it was unable to independently verify this story.

The Wall Street Journal then reported that the board was preparing for Mr. Huang's departure. A source familiar with the matter indicated that administrators had met to consider his dismissal. According to the statutes cited by the agency, a majority of directors can remove him from office.

Days earlier, the council publicly renewed its confidence in Huang while opening an independent investigation into reports that he was the target of a foreign intelligence operation. The manager admitted infidelity in a message to employees, without naming the person concerned. Nvidia then indicated that the board had no reason to believe that company secrets or national security had been compromised.

Reuters noted an 88% rating on the Polymarket contract linked to Huang's departure. This Thursday morning, the platform displayed around 75% for the same deadline. The contract concerns an official announcement of resignation or revocation no later than December 31, 2026, even if the departure takes effect after this date. The quote is the price at which participants trade their positions.

On the stock market, the decline of more than 8% corresponds to the trading which followed the American close on Wednesday. Thursday morning, Reuters also noted a decline of around 7% in Frankfurt. A possible departure raises the question of the succession of Jesen Huang, who has led Nvidia since its creation in 1993 and for whom no successor has emerged publicly, according to the agency.

Nvidia is due to present its quarterly results on November 17. The publication comes as investors wonder about the identity of the person who will steer the group's strategy if the board decides to replace its founder.

An editorial article. Le Journal du Coin, the first French-speaking news media on cryptocurrency, Bitcoin, and blockchain protocols.

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Machine-translated from French