Nvidia shares could open at their lowest since July 2025 if the move holds, as a second affair claim rattles the board.
The hit
Elon Musk said he’d be glad to hire Jensen Huang after the Wall Street Journal reported Nvidia’s board is preparing to oust him, according to Investor’s Business Daily. The New York Times reported a second alleged affair, this time with Nvidia healthcare vice-president Kimberly Powell. Nvidia shares fell more than 9% early Thursday.
Why it matters
Traders price Huang’s exit at 77%, with resignation-or-removal odds swinging from 16% to 91% in a single day on Polymarket before settling there. The scandal has split into separate markets: who replaces him, where he lands next, & whether personal fallout like divorce or arrest follows. The $4.2tn stock’s Thursday fall is set to drag on the overall market if the move holds, according to Investor’s Business Daily.
The record
| Resignation/removal by year end | Polymarket |
|---|---|
| Huang leaves Nvidia before 18 November | 59% (Kalshi) |
| Top CEO successor odds | Colette Kress almost 32% (Polymarket), 75% (Kalshi) |
| Huang joins SpaceX by year end | 6% (Polymarket), 9% with xAI/AMD included (Kalshi) |
| Called to testify before Congress before July 2027 | 77% (Kalshi) |
| Nvidia share fall from October high of $243.37 | about 29% |
What happens next
Polymarket’s resignation-or-removal odds rise to 81% by 31 March 2027 & 84% by 31 December 2027. Congress is reportedly set to subpoena Huang for testimony in the Chinese espionage case, which involves questions about Nvidia’s chip sales to China.
Sources: Musk Offers To Hire Huang; Prediction Markets Capitalize On Scandal
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