Santa ClaraNvidia futures fell nearly 12% on reports the board may oust Jensen Huang.
Huang co-founded Nvidia more than three decades ago and has led it since.
Perpetual futures trade around the clock, so Hyperliquid priced the news at $160.99 before the Nasdaq reopened.
Nvidia says it has no reason to believe national security or company secrets were compromised.
Directors can remove Huang by majority vote, and none has announced a decision.
How each outlet framed it
- CoinDesk leans critical
- measures the reaction through Hyperliquid perps, showing a 12% drop and record $4B cross-exchange volume, with NVDA perps the largest tradfi market there
Sources: CoinDesk