The latest Nvidia news on Friday, November 13, came as the chipmaker entered its first full day under interim CEO Colette Kress. Jensen Huang had resigned a day earlier, ending his 33-year tenure at the company he co-founded.
The fallout is still spreading. Congress wants Huang to testify, the board’s investigation into his conduct is still running, and Nvidia reports quarterly results on Tuesday.
Many people are not happy with how it ended. Employees flooded an internal message board with calls to “bring the boss back” after his exit. Tech leaders from Binance founder Changpeng Zhao to Epic Games CEO Tim Sweeney called the exit a mistake, and President Donald Trump called it “a horrible thing.”
BREAKING: An internal post urging Nvidia’s, $NVDA, board to reinstate Jensen Huang has drawn over 1,600 comments, with the majority in “full support” of reinstating him, per WIRED.
The post urges the Board of Directors to “consider employee sentiment” regarding Jensen Huang’s…
— The Kobeissi Letter (@KobeissiLetter) November 13, 2026
Nvidia stock opened 13.1% lower on Thursday, its second-worst start to a trading day since at least 2020, before recovering to close down 4.3%. Tokenized NVDA, which trades around the clock on crypto exchanges, is now pointing to a higher open.
In this Nvidia news roundup: what has changed since the resignation, why so many are upset, and what traders are betting on next.
Latest Nvidia News: Kress In Charge, Congress Calling, Earnings on Tuesday
Nvidia’s board announced on Thursday that Huang had resigned as president, CEO and director with immediate effect. Since then, the main updates are:
- New leadership: Kress, CFO since 2013, runs the company as interim CEO and keeps her finance job. Harvey C. Jones, a director since 1993, is Nvidia’s first-ever board chair. The board will look at inside and outside candidates for a permanent CEO and gave no timeline.
- The investigation: The board’s probe, run by law firm Wachtell, Lipton, Rosen & Katz, continues. It covers reports of Huang’s relationships, including one with a woman described as a suspected Chinese intelligence asset. The board has said it has “no reason to believe” any national security or company secrets were compromised.
- Congress: House Foreign Affairs chair Brian Mast said Huang has agreed to appear before lawmakers. Senate Banking chair Tim Scott separately asked him to testify on December 3.
- Legal: Huang has hired law firm Paul Weiss, and the Rosen Law Firm has started a shareholder class action.
- Earnings: Kress presents third-quarter results on Tuesday, November 17, as both interim CEO and CFO. The next Nvidia news from the company itself comes with that call.
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Employees, Tech Leaders and Trump Push Back on Huang’s Exit
Huang admitted on November 8 that he had been “unfaithful” to his wife, and the reports only grew from there. Even so, a loud group thinks the board went too far, too fast.
- Employees: A post on Nvidia’s internal suggestion board drew more than 1,600 comments, most of them backing Huang. “If you believe in this company’s mission, bring the boss back,” one employee wrote. Staff also want to know why Huang left before the investigation finished. In a Blind poll of 232 Nvidia staff on November 9 and 10, 88% said he should stay.
- Tech and crypto leaders: Binance founder Changpeng Zhao wrote that it was “a mistake for Nvidia to let Jensen resign” in a post on X. Solana co-founder Raj Gokal called the exit a “generational fumble” for the company. Tim Sweeney called it “a sad day,” and podcaster Lex Fridman compared it to Apple firing Steve Jobs.
- Wall Street: Cantor Fitzgerald’s C.J. Muse cut his price target to $250 from $350 and warned the U.S. is “giving up the lead in AI” to China. At least two other banks, Stifel and Baird, also cut their targets.
- The White House: Trump called Huang’s exit “a horrible thing” and said Apple’s Tim Cook should replace him.
The other side has a case too. Some governance experts say the board had little choice once Congress, the Justice Department and a possible security risk were involved. Investor Jason Calacanis told shareholders to wait for the investigation’s findings before judging.
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Backlash Dominates Nvidia News as Traders Doubt Kress Will Keep the CEO Job
The doubt shows up in the latest Nvidia news from prediction markets too. On Polymarket’s next Nvidia CEO market, which does not count interim CEOs, we compared the odds 40 minutes after the announcement with the odds on Friday morning.
- Colette Kress: down from 31.3% to 13.9%, less than half.
- Ian Buck: the head of Nvidia’s data center computing business and creator of CUDA leads at 28.5%.
- Outsiders gained: Arm CEO Rene Haas rose from 4.5% to 12.8%. Apple chip chief Johny Srouji, in a market added on Thursday, is at 9.8%. Tim Cook, Trump’s pick, sits at 4.5%.
Trading has jumped too. About $1.16 million has now changed hands on the market, up from $311,000 on Thursday afternoon. A separate, much smaller market gives Huang a 29% chance of rejoining Nvidia by the end of 2027, up from 15% when it opened on Thursday evening.
NVDA Price Analysis: Tokenized NVDA Points to a Higher Open
On Thursday, NVDA opened at $151.01, down 13.1%, and fell as low as $148.80. Buyers stepped in, and it closed at $166.19, down 4.3%. Only August 5, 2024 started worse since 2020.
Tokenized NVDA kept trading after the bell. On Hyperliquid, xyz:NVDA trades at $170.65, up about 6% in 24 hours, on $1.9 billion of volume. NVDA traded at $171.10 before the U.S. open, up 3%. It is still down 28% from its record close of $239.24 on October 6.
On the 4-hour chart, where each candle covers four hours, xyz:NVDA is still below its 50-period exponential moving average (EMA), an average that gives recent prices more weight, at $178.57. The 200-period EMA sits much higher at $200.65.
- Resistance: $178.37, the November 11 high, right next to the 50-period EMA. Then $200.65, the 200-period EMA.
- Support: $162.45, Friday’s low, then $148.86, Thursday’s low.
NVDA 4H chart. Source: Hyperliquid
| Path | What has to happen | Next stop |
|---|---|---|
| Push higher | A calm earnings call on Tuesday and a close above $178.37 | $200.65, the 200-period EMA |
| Stall | Holding between $162.45 and $178.37 while the investigation runs | A range into the November 17 results |
| Slip | New allegations or weak guidance, and a close below $162.45 | $148.86, Thursday’s low |
For readers following Nvidia news, Tuesday’s results are the next big test. Kress has to show that the business runs without Huang, while employees, investors and traders are still arguing over whether he should have gone at all.
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The post Nvidia Without Jensen Huang: Kress Takes Charge But Huang’s Departure Divides Silicon Valley appeared first on 99Bitcoins.
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