Jensen Huang once publicly criticized interim CEO Kress as a "CFO who only handles expense reports", questioning his lack of strategic decision-making capabilities.

According to HTX market data, Bitcoin saw a short-term panic sell-off, breaking below $70,000 and then falling further below $69,000. It is currently trading at $69,358.54, with a 3.28% drop in the past 24 hours. Separately, Coinglass data shows that three long positions worth over $10 million were liquidated in the market in just 5 minutes. Two of these liquidations occurred on Binance, and one on Bybit. Total liquidations across the entire network hit $52.7155 million over the past 30 minutes, with 1,172 liquidation orders.

NVIDIA has updated its official website’s executive management profile page, with interim CEO Colette Kress listed first, while Jensen Huang was placed in the "Founder" section. Huang’s personal profile page was also revised, noting that he founded NVIDIA in 1993 and previously served as the company’s president, chief executive officer, and a board member.

Per TradingBeats monitoring, the largest CBRS long-position whale, address 0x0871, liquidated its entire CBRS long position early this morning, ahead of Cerebras’ earnings announcement. The position was worth roughly $5.051 million, with an average sell price of $101.02, incurring a loss of approximately $418,000. Cerebras’ subsequent earnings report showed its third-quarter core revenue jumped 70% year-over-year to $230.9 million, and the firm raised its full-year core revenue guidance to $940 million–$960 million. Right after the official release, CBRS contracts rallied. As of press time, CBRS trades at $115.23 on Hyperliquid, up around 14.9% in the past 24 hours, roughly 14.1% higher than the whale’s average sell price. The address has not yet re-established a CBRS position. During the liquidation period, the address simultaneously shifted funds to ZEC, opening a new long position worth around $4.7 million at an average entry price of $939.92. It currently holds the full position, valued at approximately $4.669 million, with an unrealized loss of about $30,000.

According to TradingBeats data, the NBIS perpetual contract on Hyperliquid is trading at around $127.7, down roughly 15.7% in the past 24 hours, with a trading volume of approximately $152 million over the same period. During the decline, a whale address starting with 0x5c26 opened a total of around $11.986 million worth of NBIS long positions in batches last night, at an average entry price of $130.28. As of press time, the address still holds all the new positions, valued at roughly $11.75 million, with an unrealized loss of about $236,000 and a liquidation price of approximately $76.94.

Citrini analyst Jukan wrote in a research note that NVIDIA’s GPUs remain in tight supply, but the company’s ability to sustain chip premium pricing and market leadership hinges on its ongoing support for emerging cloud service provider Neocloud. If the new CEO adopts a more cautious approach to financing and business support for such entities, it could lead to a drop in GPU spot prices, margin pressure on Neocloud, and in turn push these firms to switch to AMD or Google’s TPU ecosystem. Jukan views Neocloud as a critical link for NVIDIA to maintain chip order volumes and supply chain control. Once clients gradually reduce their reliance on NVIDIA, the company’s long-established commercial growth flywheel could be disrupted. He also noted that Jensen Huang previously actively pushed NVIDIA chips into the Chinese market, and sought to maintain Chinese AI developers’ reliance on NVIDIA’s ecosystem via overseas Neocloud leasing channels, to secure corresponding computing power demand and Neocloud utilization rates. However, these moves have crossed into the gray area of U.S. policies, carrying political and regulatory risks. Jensen Huang originally aimed to continue bearing part of the financing risks for clients until Neocloud is capable of independently procuring next-generation GPUs, but it remains unclear whether the new CEO will continue this strategy. He expressed concerns about NVIDIA operating without Jensen Huang at the helm.

According to Coinglass data, total liquidations across the crypto network reached $225 million in the past hour, with $174 million coming from long positions and $51.3924 million from short positions. Over the past 24 hours, 134,178 traders were liquidated, with total liquidation volume amounting to $1.036 billion. The largest single liquidation order took place on Hyperliquid’s BTC-USD pair, valued at $31.0911 million.