TREE NEWS update: Nvidia’s board said Jensen Huang resigned as president, CEO and director effective immediately, with CFO Colette Kress named interim CEO and Q3 results still set for Nov. 17. NVDA closed down 4.34% at $166.19 after falling as much as 14.4% intraday, while AMD rose 5.86% and Broadcom gained 5.54%. MSCI confirmed it will remove Strategy, holder of 850,364 BTC, from its global investable indexes effective Nov. 30, a move JPMorgan estimates could trigger $2.8 billion in passive selling.
Nvidia CEO Jensen Huang Resigns; NVDA Falls 4.34% as MSCI Drops Strategy
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AI take
The abrupt departure of a founder-CEO mid-quarter, with an interim finance chief and results still on the calendar, puts governance and continuity risk at the center of the AI-chip trade rather than demand. The split tape — NVDA down while AMD and Broadcom gain — suggests rotation within the sector, not a verdict on it. Separately, MSCI's removal of the largest corporate bitcoin holder shows index providers are now a real transmission channel between crypto balance-sheet strategy and passive flows. Whether the interim arrangement stabilizes before Nov. 17, and how much of JPMorgan's estimated passive selling materializes around Nov. 30, are the open questions.
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