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Jensen Huang has officially resigned as President, Chief Executive Officer, and a member of Nvidia’s board of directors, effective immediately, the company announced Thursday.
The sudden exit comes amid a swirling affair scandal — and unconfirmed rumors of a broader espionage angle — that had placed the 33-year run of Nvidia’s co-founder in jeopardy. In its official announcement, Nvidia’s board named Executive Vice President and CFO Colette Kress as Interim CEO while it initiates a formal search for a permanent successor.
With Huang officially out at the $4+ trillion AI chipmaker, Kalshi prediction markets have shifted from speculation to reality. Volume has surged as traders price in where one of Silicon Valley’s most influential executives will land next — with rival chipmaker AMD holding a slim lead on the board, closely trailed by Elon Musk’s SpaceX/xAI empire following a viral social media endorsement.
Where Will Jensen Huang Work Next?
The prediction market remains wide open—with no single company clearing a 10% implied probability due to potential non-compete clauses, regulatory hurdles, or the possibility of retirement—but sharp money has moved decisively on a few key contenders:
- SpaceX / xAI (+10¢ to 17¢): Contracts for Musk’s aerospace and artificial intelligence ventures ticked up 10+ cents to 17¢. Speculation went into overdrive late Wednesday night after financial blog ZeroHedge posted on X, "Elon please hire Jensen." Musk replied, "That would be an honor," and traders reacted immediately to those public overtures.
- AMD (+2¢ to 9¢): Nvidia’s fiercest rival has emerged as the current favorite on Kalshi, climbing two cents in the last few hours. While jumping straight to a direct competitor would trigger massive legal and antitrust scrutiny, traders are pricing in the sheer shock value and industry disruption of Huang teaming up with AMD CEO Lisa Su (who is also Huang's cousin).
- Intel (7¢): Struggling legacy chipmaker Intel sits right behind the top two contenders at 7¢. Traders view the beleaguered semiconductor giant as a dark-horse turnaround play—where bringing in an industry titan like Huang, even in an advisory or board capacity, could instantly reshape its foundry and AI ambitions.
- Apple and Tesla (-4¢ to 3¢): In the biggest downward swing on the board, both Apple and Tesla plummeted four cents in recent hours. Traders appear skeptical that Apple’s buttoned-up corporate culture would absorb an executive exiting under a personal scandal, while Tesla’s drop suggests traders view Musk’s private AI and space ventures as a much more natural fit than his public automaker.
- Meta, Microsoft, OpenAI (3¢–4¢): AI hyperscalers Meta, Microsoft, and OpenAI remain flat between 3¢ and 4¢.
