Jensen Huang’s resignation as Nvidia’s chief executive triggered a sharp bearish market reaction, with NVDA falling 14% over five days before trading at $164.23. Colette Kress, the company’s chief financial officer, was named interim chief executive until a permanent successor is appointed. The uncertainty could affect crypto because fund managers may sell liquid assets such as Bitcoin to cover losses tied to the technology sector. Altcoins linked to GPU-accelerated infrastructure and artificial intelligence were hit particularly hard, with RENDER falling more than 11% over five days and NEAR dropping nearly 30% since the report about the affair was published. Nvidia’s upcoming financial results, scheduled for November 17, will help investors assess the lasting impact of the leadership change on the crypto market.
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