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The semiconductor research institution SemiAnalysis published a report regarding Jensen Huang's resignation, noting that although the board has appointed Colette Kress as interim CEO, they prefer that the formal CEO does not have a financial background, so they are still selecting a permanent CEO.Internal technical direction candidates include Ian Buck and Jonah Alben. Ian Buck founded CUDA during his PhD at Stanford and joined NVIDIA in 2004, responsible for the data center business; Jonah Alben joined in 1997 and is currently the Senior Vice President of GPU Engineering. Executives have stated, "Ian would rather die than take over Jensen's position," and "no one would really want that job." The report indicates that both are outstanding, but may not be able to exert the same supply chain management control as Jensen Huang.

NVIDIA (NVDA.O) today announced that Jensen Huang has resigned from his positions as President, Chief Executive Officer, and Board Member effective immediately. Harvey C. Jones has been appointed as the company's first Chairman of the Board.Jones has been the Managing Partner of the private investment firm Square Wave Ventures since 2004, with over 30 years of experience in entrepreneurship, high-tech business management, and venture capital. In 1981, he co-founded the computer-aided engineering company Daisy Systems and eventually served as the company's President and CEO until 1987.From 1987 to 1998, he led the large electronic design automation company Synopsys, serving as CEO for seven years and Executive Chairman. In 1997, Jones co-founded the private technology intellectual property company Tensilica, which specializes in developing and licensing high-performance embedded processor cores.Since the company's inception, Jones has served as Chairman of the Board of Tensilica until the company was acquired by Cadence Design Systems in 2013. Jones holds a Bachelor’s degree in Mathematics and Computer Science from Georgetown University and a Master’s degree in Management from the Massachusetts Institute of Technology. He joined the NVIDIA Board of Directors in 1993.

NVIDIA announced that CEO Jensen Huang has resigned from his positions as President, Chief Executive Officer, and Board Member effective immediately.In addition, NVIDIA has appointed Colette Kress as the interim Chief Executive Officer while she continues to serve as Executive Vice President and Chief Financial Officer; Harvey C. Jones has been appointed as the company's first Chairman of the Board.

According to the official announcement, Binance has launched a new feature called SquareLeaderboards (Trading Leaderboard) in Binance Square. This feature aggregates trading rankings and supports browsing shared futures trades, smart money signals, and trading results. Users can also generate personal ranking posters and achievement posters for the past 7 days or 30 days to share.

According to the American financial media Semafor, some NVIDIA directors prefer to appoint Chief Financial Officer Colette Kress as interim Chief Executive Officer.

According to a report by The Wall Street Journal, the board of Nvidia (NVDA.O) is preparing to hold a meeting as early as today to decide the future of CEO Jensen Huang.

According to The Block, the Financial Stability Board (FSB) urged Turkey to strengthen regulation of crypto assets and stablecoins in four areas.In its second peer review of the country, the FSB called for the establishment of a dedicated stablecoin framework, enhanced financial stability monitoring, strengthened regulation and enforcement, and improved cross-border cooperation and information sharing.

European Central Bank Executive Board Member Fabio Panetta stated that if negotiations are delayed, the digital euro will face postponement.

According to a survey by the technology media outlet The Information on NVIDIA's board of directors, the fate of founder and CEO Jensen Huang currently depends on the board. This company, which has the highest market value globally, does not have a clear successor for the CEO position, and there are several long-time partners who have worked with Huang for decades on the board. The board needs to investigate whether Huang's personal relationships have led to the leakage of company secrets and whether he has violated internal regulations; if issues are found, they must also decide how to handle this founder and CEO.NVIDIA has a total of 11 directors, including Jensen Huang himself, with 5 of the remaining 10 having served for over ten years. Venture capitalists Tench Coxe and Mark Stevens joined the board when the company was founded in 1993, coming from early investors Sutter Hill Ventures and Sequoia Capital, respectively. The person most likely to lead the investigation is Chief Independent Director Stephen Neal, a nearly 80-year-old lawyer who joined the board in 2019 and serves as the chair of the corporate governance committee; his firm, Cooley LLP, has provided legal services to NVIDIA since 1993. NVIDIA has not yet announced the members of the investigation committee, and it is still uncertain whether Neal will personally lead it.Neal previously defended Theranos founder Elizabeth Holmes and represented key figures in the U.S. savings and loan crisis, such as Charles Keating; FTX founder Sam Bankman-Fried also proposed him as chairman when the company was on the brink of bankruptcy. He is also responsible for overseeing Meta's independent content review board, and a person familiar with him described his approach as pragmatic, preferring to resolve issues with minimal disruption. Jensen Huang has long directly managed dozens of executives, with core business leaders reporting directly to him, and there is no recognized second-in-command; none of the board members have held CEO positions at large companies. Harvard University corporate governance expert Jesse Fried expects the investigation could last for months, and the board is likely to ultimately choose to retain Jensen Huang.

Former U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler stated in an interview that after the scandal involving NVIDIA CEO Jensen Huang, the NVIDIA board will face "Tough Choices."However, as of now, the specific details and conclusions of the related investigation have not been disclosed in the provided information. Gary Gensler did not further clarify which aspects the board's decision specifically involves, but he mentioned that the stock price seems to show issues, and NVIDIA has already seen a decline in pre-market trading.

U.S. President Trump suffered a defeat in the midterm elections, with the Democratic Party taking control of both houses. The schedule released by the White House shows that Trump has no public events scheduled for Wednesday, with the day's White House agenda only including a closed-door policy meeting. In an interview, Trump admitted that the Iran war was one of the reasons for the Republican Party's electoral defeat, but insisted that he does not regret initiating the conflict.Trump-related concept stocks fell across the board, including:Trump Media & Technology Group down over 11%;Tesla down 4.76%;Nvidia down 1.2%;WLFI down 1.96%;TRUMP down 11.14%.

The Science and Technology Innovation Board Daily cited Wind data stating that by 2026, 76 IPOs had terminated their review, with 13 from the Science and Technology Innovation Board, accounting for 17.1%. In 2025, a total of 50 IPOs were terminated, with only 3 from the Science and Technology Innovation Board, accounting for 6%. The total fundraising scale of terminated IPOs on the Science and Technology Innovation Board in 2026 was 18.248 billion yuan, nearly 5 times the 3.181 billion yuan in the same period of 2025. After entering the fourth quarter, Saikexis and Zhongke Innovation successively terminated their reviews.Among the 13 terminated projects on the Science and Technology Innovation Board, 5 were related to semiconductor and integrated circuit companies, including Wuhan Xinxin, Shanghai Xinyi, Beijing Tongmei, Taosheng Electronics, and Yadian Technology, accounting for approximately 38.5%. Beijing Tongmei was the only project that terminated during the registration phase, accepted on January 10, 2022, submitted for registration on August 1 of the same year, and terminated registration on July 2, 2026, lasting over 4 years. Wuhan Xinxin was accepted at the end of September 2024 and terminated in May 2026, queuing for nearly 600 days, intending to raise 4.8 billion yuan, accounting for about 26.3% of the total intended fundraising of the 13 terminated projects.The duration from acceptance to termination varied significantly. Huihe Medical was accepted on June 30, 2026, and terminated on September 24, taking 86 days, making it the first IPO to withdraw after being selected for on-site inspection this year. Saikexis voluntarily withdrew six months after acceptance, marking the third IPO failure in six years. Huandong Technology was accepted on November 25, 2024, and terminated on September 21, 2026, lasting about 22 months, being the first robot company to terminate an IPO this year, mainly engaged in robotic joint reducers, sponsored by GF Securities. According to the criteria of semiconductors, software equipment, hardware services, etc., there have been 37 IPO listing applications that have become invalid in the Hong Kong stock market this year, compared to 11 in the same period last year.

The shortage caused by the AI boom has extended from GPUs and memory to circuit boards. When planning their supply chains for 2027, HP and Dell found that even previously inconspicuous printed circuit boards could face shortages. In September this year, Amazon invested approximately 1.59 billion New Taiwan Dollars in Taiwanese circuit board manufacturer Gold Circuit Electronics, transitioning from customer to shareholder.AI servers require circuit boards with more layers and lower signal loss, and chip packaging substrates are becoming larger, driving up the demand for key materials such as specialty fiberglass cloth and copper-clad laminates. Suppliers prioritize fulfilling more profitable AI orders, squeezing ordinary servers, with some ordinary server circuit board delivery times approaching one year.It is difficult for the production capacity of key materials to keep up with demand in the short term. TrendForce estimates that Japan's Nitto Denko controls about 90% of the global T-glass specialty fiberglass cloth market, with new production capacity not expected to come online until mid-2027 at the earliest. The chairman of Taiwanese substrate manufacturer Unimicron Technology warned on October 20 that some key materials could be short by about 20% by 2027, with delivery times for some chip substrate production equipment extending to as long as 30 months.

According to the official announcement, the Gate event market has officially launched a macro market special page, focusing on core topics such as the Federal Reserve's interest rate decisions, inflation, employment, economic growth, U.S. Treasury yields, and economic recession, displaying event probabilities, trading volumes, and market expectations through a visual dashboard. Users can experience related features by updating the Gate App to version v8.41 or above.In the special page, the Federal Reserve interest rate decision module provides a countdown to future interest rate events and displays the probability distribution of options such as rate hikes, rate cuts, and maintaining the current rate; core CPI, core PCE, non-farm employment, and unemployment rates are presented through indicator cards showing the latest forecast results. The GDP module displays the probabilities of different growth ranges, the U.S. Treasury module covers yields for 5-year, 10-year, and 30-year bonds, and the recession module presents market probabilities through a dashboard. The page supports dynamic updates of related event probabilities, and users can also enter event details to view key events and related news.As a centralized trading platform that is the first to layout the event market, Gate's upgrade further integrates macroeconomic information, enhancing the market expectation observation experience. In the future, the platform will continue to enrich the coverage of events, deepen the connection between market data, information, and event trading, and improve the one-stop event market service system.

According to Gate market data, U.S. stocks opened with the Dow Jones down 0.13%, the S&P 500 index down 0.88%, and the Nasdaq down 1.5%. SpaceX fell 4%, Tesla fell 2.87%, Meta Platforms fell 4%, IBM fell 2.5%, Nvidia fell 2.1%, SK Hynix fell 4.5%, SanDisk fell 4.8%, and Micron Technology fell 3.8%.

SolanaFloor posted on platform X that Cardboardtrade, regarded as the Solana version of Papertrade's perpetual contract protocol, currently has an average daily trading volume of approximately 1 billion dollars. It is reported that the platform offers up to 1000x leverage trading for BTC, ETH, and SOL, with a total liquidation amount exceeding 564 million dollars and an open interest (OI) reaching 38 million dollars.A data screenshot provided by SolanaFloor shows that the total trading volume of the protocol is approximately 4.4 billion dollars.