NVDAB Declines 7.4% as Nvidia Shares Lose Momentum
NVIDIA Tokenised bStocks (NVDAB) plunged 7.40% in the last 24 hours to $160.25 on Thursday as semiconductor company Nvidia shares lost momentum.
NVDAB fell more sharply than the broader crypto market, which lost about 0.67%. The move appears primarily driven by a selloff in NVIDIA shares after reports raised uncertainty about CEO Jensen Huang’s position.
On Nov. 11, reports that NVIDIA’s board could discuss Huang’s future coincided with a sharp after-hours drop in NVIDIA shares and related tokenised products. The reported board deliberations may be a catalyst, not confirmation that the company plans to replace him.
NVDAB’s 7.40% decline reflects this stock-specific pressure more than the mild overall crypto-market decline. This looks more like an underlying-equity repricing than a move caused by crypto-market beta.
The broader crypto market was down about 0.67% over 24 hours, but that alone does not explain NVDAB’s larger drop. NVDAB trading volume rose 76.94%, indicating more activity during the move, but volume alone does not explain the drop.
The Nov. 12 board developments around Huang are the key near-term trigger. If NVDAB stabilises near $160.25 as uncertainty eases, it could move toward $173.73, NVIDIA’s reported Nov. 11 close; renewed negative headlines and a break below $160.25 would leave downside risk, though no reliable support level is available in the provided data.
Direction likely remains sensitive to developments around NVIDIA rather than crypto-market moves alone. Traders said they are monitoring Board updates and whether NVIDIA shares recover or extend their after-hours decline.
The sharp decline most closely aligns with uncertainty around NVIDIA’s leadership weighing on the stock, with elevated NVDAB trading activity accompanying the drop.
Meanwhile, HTX announced 20 bstocks pairs, including NVDAB/USDT, with deposits opening on 9 November 2026. The exchange said spot trading would begin once deposits met demand, with timing to be announced; it also did not confirm withdrawal timing.
This could broaden NVDAB’s exchange access, but the announcement alone does not confirm active spot trading or withdrawals. HTX notes tokenised assets represent economic exposure, not direct share ownership, and may diverge from the underlying stock.
