If you want more Action Network content, be sure to add us as a preferred source on Google.
Jensen Huang has officially stepped down as President, Chief Executive Officer, and a member of Nvidia’s board of directors, effective immediately, ending a historic 33-year run at the helm of the company.
The sudden resignation follows escalating scrutiny over extramarital affairs—including one with a suspected Chinese spy. Now, there is widespread speculation about where Jensen Huang will work next, while prediction markets like Kalshi and Polymarket are zeroing in on an equally massive question: who will become the next permanent CEO of Nvidia, the $4+ trillion tech giant?
Market Rules & Why Discrepancies Create Value Opportunities
Nvidia's board appointed Executive Vice President and CFO Colette Kress as Interim CEO and named Harvey C. Jones as its first-ever Chair of the Board, though traders need to note a critical settlement rule across prediction platforms: interim or acting CEOs do not count.
Because Kress was named strictly in an interim capacity while the board conducts a formal search for a permanent chief executive, Thursday's appointment does not resolve either market. Instead, the wide field of internal engineering leaders, finance veterans, and external semiconductor rivals—combined with sharp pricing discrepancies between Kalshi and Polymarket—has created significant value opportunities for traders positioning ahead of the board's final decision.
Next Nvidia CEO Odds: Kalshi vs. Polymarket Key Contenders
- Ian Buck (35¢ on Kalshi | 28¢ on Polymarket): Nvidia’s vice president of hyperscale and high-performance computing is one of the clear favorites. Buck oversees the division selling Nvidia’s AI chips and software to its largest cloud customers and is widely credited with creating CUDA, the foundational software ecosystem that locks developers into Nvidia’s hardware. Commentators and traders increasingly view him as the strongest technical successor to maintain Nvidia's AI moat.
- Colette Kress (23¢ on Kalshi | 31¢ on Polymarket): While her interim appointment does not settle the contract, it gave Kress a major boost. The 59-year-old executive has served as Nvidia’s CFO since joining in 2013—following nearly 25 years in finance leadership roles at Microsoft, Cisco, and Texas Instruments—and has long been the familiar voice alongside Huang on quarterly earnings calls. Analysts note that elevating her permanently would represent the cleanest, lowest-friction transition for Wall Street.
- Rene Haas (6¢ on Kalshi | 8¢ on Polymarket): The current CEO of Arm Holdings, a British semiconductor and software design company, sits comfortably as the top external candidate on both platforms. Having previously spent seven years at Nvidia in senior leadership before taking the reins at Arm, Haas possesses deep institutional knowledge of Nvidia’s culture and the broader semiconductor supply chain.
- Lisa Su (6¢ on Kalshi | 2¢ on Polymarket): The longtime AMD Chair and CEO is trading at a steep discount, and for good reason. Beyond being Huang’s cousin—a familial link that brings heightened scrutiny amid a governance crisis—poaching the leader of Nvidia’s fiercest rival would trigger immediate, massive antitrust and non-compete battles. In fact, Wall Street analysts view this moment as a prime window for AMD to capitalize on Nvidia’s leadership turmoil to gain market share and boost its own stock valuation rather than lose its chief executive.
- Spencer and Madison Huang (Down to less than 1¢ on both platforms): The steepest drop on the board belongs to Huang’s two children, both of whom hold senior roles at the company and were once floated in early speculation as potential dynastic successors. Madison Huang and Spencer Huang have seen their contracts collapse as the board moves decisively away from family ties to restore corporate governance.
