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Traders bet on who will replace Nvidia's CEO after Huang resigns

Andre Savage
Published Nov 12, 2026
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Summary:
  • Traders on Kalshi are wagering on Nvidia's next chief after Jensen Huang stepped down Thursday amid reports of two affairs.
  • Kalshi traders put Ian Buck at 35% and give Colette Kress a 29% shot in a market that will settle based on news reports.
  • Nvidia's board launched an internal review and met late Wednesday night to weigh removing Huang; the stock fell as much as 14.4% intraday and was recently off a little over 7%.

What happened

Jensen Huang, Nvidia's co founder, resigned on Thursday following a pair of reports about his personal relationships. The New York Times reported that on Sunday, Huang acknowledged being involved romantically with a woman whom U.S. intelligence agencies describe as a spy for China's Ministry of State Security. A second Times story on Wednesday said Huang also had an affair with Kimberly Powell, a subordinate who leads Nvidia's healthcare efforts. CNBC is carrying live coverage of the resignation.

The market for a successor

A Kalshi market asks who will become Nvidia's next CEO and will be settled using media reports. On that market, traders assign a 35% probability to Ian Buck, a vice president who oversees Nvidia's hyperscale and high performance computing operations. Colette Kress - Nvidia's chief financial officer who is serving as interim CEO - is assigned a 29% chance of becoming the permanent chief, according to traders.

Board moves and stock reaction

Nvidia's board opened an internal investigation into Huang's relationship, and CNBC confirmed the directors convened late Wednesday night to consider ousting him. During the latest session, Nvidia's stock was off a bit over 7%, having previously fallen as much as 14.4%.

Smart investors look for new tools that can sharpen their decision making. We're hosting our first ever investor livestream on 11/17 to show you how to use ChatGPT and Claude to invest like a pro, hosted by Briefs Finance CEO Jaspreet Singh. Save your seat.

What it means for your portfolio

Leadership uncertainty at a dominant AI chipmaker can move both the stock and the broader AI trade, and the probabilities on Kalshi offer a real time read on investor expectations. Watch for the same news reports that will settle the Kalshi market, because those headlines are steering sentiment in the shares right now.

Learning how to use thoughtful technology can give investors a reliable long term edge. On 11/17, our CEO Jaspreet Singh goes live for our first ever investor livestream on how to use ChatGPT and Claude to invest like a pro. Register to join him.

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