Binance Traders Price in Potential Jensen Huang Exit as Nvidia Falls 8%

Nvidia perpetual futures on Binance fell by more than 8% below the US close late Wednesday, after reports emerged that the chipmaker’s board was looking to kick out CEO Jensen Huang. While the board’s decision is still unconfirmed, traders got their first chance to react to the news through crypto venues since it came out; Nasdaq was already closed. Traders Price in Potential Jensen Huang Exit According to reports from the New York Times and Bloomberg, the Nvidia board is preparing to remove Huang from his position and has even engaged an outside firm to identify possible replacements and is also considering appointing an interim CEO.

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