Nvidia perpetual futures traded on Binance fell by more than 8% below the US close on Wednesday evening after reports that Nvidia’s board was preparing to remove chief executive Jensen Huang. The decision remains unconfirmed, but reports from The New York Times and Bloomberg indicate that the board has engaged an outside firm to identify possible replacements and is considering appointing an interim CEO. The NVDAUSDT market reached an index level of 92.6, compared with a previous close of 100, while 24-hour trading volume reached $2 billion, with about half generated after the US cash session ended. Nvidia shares had gained nearly 3% during the session before recording a cumulative 35% decline over 26 trading days, with market commentators estimating that 80% of the risk of Huang’s departure was already priced in.
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