[Important] Nvidia's board is preparing to oust Jensen Huang; new accounts betting on Huang's resignation are up 455% in unrealized gains.

According to PolyBeats monitoring, on November 11, The Wall Street Journal reported that NVIDIA's board is preparing to oust CEO Jensen Huang and may meet as soon as that day to decide his fate. Semafor subsequently cited informed sources saying it had independently confirmed the preparation, that the full board has not yet made a decision, and that directors are scheduled to meet Wednesday evening. On the same day, The New York Times reported a second extramarital affair.

According to data from the BIT stock platform, possibly affected by the news, NVIDIA (NVDA.O) U.S. shares fell as much as 9% in after-hours trading. The Polymarket market "Jensen Huang steps down this year" probability is 84.5%, compared with around 15% a week earlier.

The new account paule334 previously reported by this channel has cumulatively bought $9.3k of "Yes" since November 10, with a current unrealized profit of $42.6k (+455%).

The New York Times reported that Jensen Huang had another extramarital affair with Kimberly Powell, vice president of healthcare to whom he reported, and cited people who had worked at the company saying the two were allegedly photographed in intimate behavior at a hotel in San Jose during GTC in March. The Wall Street Journal was first to report that the board was preparing to oust him.

NVIDIA closed regular trading that day at $173.73, up 2.87%; it fell to a low of $156.46 after hours, down about 9.94% from the close, and was at $158.78 at the end of extended trading, down about 8.61%. Reuters said that if the decline holds, about $600B in market value has evaporated since the board announced the investigation. Other reports said some directors favor appointing Chief Financial Officer Colette Kress as interim CEO if he is ousted; Bloomberg reported that the company has engaged an external headhunter to find a successor.