Last night, people were still scrolling past posts saying it was down more than 10%. By this morning, it had turned green.
NVIDIA’s newsroom announced on the 12th that Jensen Huang would step down immediately as president, CEO, and director. CFO Colette Kress will serve as interim CEO while continuing as CFO. The board has begun looking for a permanent successor, and Harvey C. Jones has become the board’s first chairman. The earnings schedule hasn’t changed: the report is still due on November 17.
The market turned around quickly. Plenty of posts on Binance Square last night still showed NVDA down around 13.5%. This morning, it was around $168.4 on Binance U-margined, up about 4.2% over 24 hours, after hitting a low of around $149 overnight. Trading volume remained high at about 4.69 billion U. NVDAB, a tokenized version of the stock, was also climbing among Binance Square’s trending topics. Chip stocks followed suit: SOXL was up around 8.1%, with about 5.24 billion U in trading volume.
He’s just stepped down, and the stock has already clawed its way up from the depths. The next big test is that earnings report on the 17th.
$NVDA $SOXL $BTC
NVIDIA’s newsroom announced on the 12th that Jensen Huang would step down immediately as president, CEO, and director. CFO Colette Kress will serve as interim CEO while continuing as CFO. The board has begun looking for a permanent successor, and Harvey C. Jones has become the board’s first chairman. The earnings schedule hasn’t changed: the report is still due on November 17.
The market turned around quickly. Plenty of posts on Binance Square last night still showed NVDA down around 13.5%. This morning, it was around $168.4 on Binance U-margined, up about 4.2% over 24 hours, after hitting a low of around $149 overnight. Trading volume remained high at about 4.69 billion U. NVDAB, a tokenized version of the stock, was also climbing among Binance Square’s trending topics. Chip stocks followed suit: SOXL was up around 8.1%, with about 5.24 billion U in trading volume.
He’s just stepped down, and the stock has already clawed its way up from the depths. The next big test is that earnings report on the 17th.
$NVDA $SOXL $BTC