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

Departure or not departure? Nvidia's board of directors met on Wednesday (November 11) to consider a possible dismissal of Jensen Huang, according to Reuters. The chipmaker's stock lost more than 8% after the close on Wall Street. On Polymarket, the rating of an announcement of departure of the CEO by the end of the year reached 88%. To date, Nvidia has not announced any decision on its future.

The key points of this article

Reuters reports that Nvidia directors have met to consider whether Jensen Huang will remain in his position.

The New York Times reports an alleged affair with a vice-president under his direct authority.

Nvidia stock lost more than 8% in after-hours trading on November 11.

Huang's departure rating reached 88% on Polymarket, then returned to around 75% on Thursday morning.

Nvidia board considers Jensen Huang's future

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 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.

On Polymarket, Huang's departure rating reaches 88%

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 dismissal 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.