Next Nvidia CEO: Traders Bet Against Kress, Back Ian Buck
By Tobi Opeyemi Amure
AI summary of the source article
Following Jensen Huang's resignation, Polymarket traders priced CUDA inventor Ian Buck ahead of interim chief Colette Kress to become Nvidia's permanent CEO. Meanwhile, Nvidia shares dropped nearly 8% and Hyperliquid NVDA perpetuals generated $2 billion in 24-hour turnover.
Why it matters
"For brokers and trading desks, the successor book is a signal, not a hedge," with the author noting "the levels are best read as a live poll of informed opinion rather than a forecast with capital behind it."
Key facts
- Polymarket priced Ian Buck at about 32% and interim chief Colette Kress at about 25% to become Nvidia's next permanent CEO.
- About $436,000 has traded on the Polymarket contract since 10 November, carrying about $288,000 in liquidity.
- Hyperliquid's NVDA perpetual contract turned over about $2 billion in 24 hours as Nvidia shares dropped nearly 8%.
Source excerpt · FinanceFeeds
The next Nvidia CEO is more likely to be the engineer who invented CUDA than the finance chief now running the company, if the first money on the question is right. At 10:11 a.m. Eastern on Thursday, less than two hours after Jensen Huang resigned, Polymarket’s “Next CEO of NVIDIA?” market priced Ian Buck at about 32% and interim chief Colette Kress at about 25%. Set against Wall Street, that book…