Odaily reports: Tom Lee posted on X regarding Jensen Huang's departure, stating that the departure of a founder and CEO is a major test for any company, but Nvidia is still expected to maintain its industry-leading position, citing its technological advantages in chip design, supply chain control, and the CUDA ecosystem, as well as its deep bench of engineering talent.Tom Lee also noted that Nvidia has a strong employee ownership culture, with approximately 80% of employees holding million-dollar-level wealth, of which 50% hold company stock worth more than $25 million, giving employees a strong incentive to safeguard the company's market-leading position. In addition, Nvidia generates substantial free cash flow, which can support its share price through stock buybacks.He believes that Huang's departure could put pressure on the stock price in the short term, but at roughly 10x forward P/E, Nvidia is currently one of the most attractive investment targets in AI on a risk-reward basis.

Odaily reports: Nvidia (NVDA.O) announced today that Jensen Huang will step down from his roles as president, chief executive officer, and member of the board of directors effective immediately, while CFO Colette Kress has been appointed interim CEO. Kress, 58, has served as Nvidia's executive vice president and chief financial officer since September 2013. Before joining Nvidia, she spent 3 years at Cisco, where she was responsible for financial strategy, planning, financial reporting, and business development; prior to that, she worked at Microsoft for 13 years, including 4 years as finance head of the Server and Tools Business, and also spent 8 years at Texas Instruments.Kress holds a bachelor's degree in finance from the University of Arizona and an MBA from Southern Methodist University. During her tenure at Nvidia, she has long been responsible for the company's financial reporting and disclosure and has communicated with Wall Street analysts on business needs, profit margins, and investment plans. (Sina Finance)

Odaily: Nvidia (NVDA.O) announced today that Jensen Huang is stepping down as President, Chief Executive Officer, and board member, effective immediately. Harvey C. Jones has been appointed as the company's first Board Chair. Jones has served as Managing Partner of private investment firm Square Wave Ventures since 2004, bringing over 30 years of experience in entrepreneurship, high-tech enterprise management, and venture capital. In 1981, he co-founded computer-aided engineering company Daisy Systems, ultimately serving as its President and CEO until 1987.From 1987 to 1998, he led major electronic design automation company Synopsys, serving as CEO for seven years and then as Executive Chairman. In 1997, Jones co-founded private technology IP company Tensilica, which specialized in developing and licensing high-performance embedded processor cores.Jones served as Chairman of the Tensilica board from the company's founding until it 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 MIT. He joined Nvidia's board of directors in 1993. (Jinshi)

Odaily Report: AMD (AMD.O) will make an equity investment in US quantum computing company PsiQuantum. (Jin10)According to MSX.COM data, AMD is up 1.47% in pre-market trading, with the stock price currently at $560.29.

Odaily reports: Bitcoin News posted on X that the Moscow Exchange is preparing to launch a pilot on December 1 to support trading of Bitcoin, Ethereum, and USDT. Retail investors are limited to purchasing cryptocurrency through a single intermediary at 300,000 rubles per year, approximately $3,600, and must pass a knowledge test; qualified investors are not subject to the same purchase limit. Cryptocurrency still may not be used for payments for goods and services within Russia.

According to MSX.COM data, CoreWeave (CRWV.O) US pre-market decline has widened to 10.05%.Earlier reports indicated that the company plans to issue at least $4 billion in investment-grade loans.

Odaily reports: Bitcoin News posted on X platform that Strive Chief Investment Officer Ben Werkman believes Bitcoin treasury companies should measure performance using a single metric — BTC Yield, i.e., the growth in Bitcoin per share. He stated that if issuing additional shares to purchase Bitcoin increases Bitcoin per share, existing holders will benefit; if it decreases, existing holders are effectively subsidizing new shareholders. Strive said its BTC Yield year-to-date is 63%, and last week it added 29 BTC at a price of $75,721 per coin, spending $2.2 million. It currently holds 43,153 BTC.

According to MSX market data, Strategy (MSTR.O) is down 4.3% in US pre-market trading. According to Jinshi Data, MSCI plans to remove the company from its global indexes.In addition, CoreWeave (CRWV.O) is down 7% in US pre-market trading. According to Jinshi Data, the company plans to issue at least $4 billion in investment-grade loans.

Odaily: The U.S. Department of Labor's proposed rule allowing 401(k) retirement plans to allocate to alternative assets such as cryptocurrencies was submitted to the White House Office of Management and Budget (OMB) on Thursday for final review.The proposal aims to streamline the process for retirement plans to allocate to alternative investments and provide certain legal protections for employers and plan administrators. The proposal published by the Department of Labor in March does not limit the types of digital assets that may be included, nor does it set a minimum market capitalization threshold, but it requires plan administrators to assess investment risks across six dimensions: performance, fees, liquidity, valuation, benchmarks, and complexity.Teresa Goody Guillén, managing partner at Bellementis PLLC, said that Bitcoin and Ethereum may be the first to gain adoption due to their relatively mature markets and investment products, but altcoins are not automatically excluded and still need to meet requirements such as prudent investment, liquidity, valuation, and investor protection.Bernardo Brites, co-founder and CEO of Trace Finance, noted that some small-cap tokens may struggle to meet historical performance and benchmark evaluation requirements.In addition, the proposal does not require crypto investments to be made through ETFs or managed funds, but Guillén expects that such investment products may enter 401(k) retirement plans before direct holdings of cryptocurrencies.

Odaily reports: Binance Earn has announced that its Dual Investment product will support HYPE (Hyperliquid) starting November 12, 2026, at 16:00 (UTC+8). Users can subscribe using HYPE, USDT, or USDC through the HYPE-USDT and HYPE-USDC trading pairs. The product offers multiple target prices, with settlement dates every Tuesday and Friday at 16:00 (UTC+8), and an annualized yield of 3.65% or higher. Users have the opportunity to buy low or sell high HYPE at their desired price and date in the future; the announcement states that users can earn returns regardless of market direction.