Tom Lee Says He Is Buying Nvidia Shares as Nvidia Stock Slides

Fundstrat co-founder Tom Lee said he is buying Nvidia shares as the stock fell amid reports that CEO Jensen Huang had resigned, while the sell-off also reached tokenized Nvidia shares and crypto-based perpetual futures.

Nvidia fell about 8% in Nasdaq after-hours trading as the resignation news spread. The selling also appeared in tokenized Nvidia shares and crypto-based perpetual futures, extending the market reaction beyond the traditional stock market.

Lee’s statement added a personal buying response to the decline: he said he was buying Nvidia even as shares fell. His comment ran counter to the market direction reflected in Nasdaq trading and the crypto-linked products.

For crypto readers, the episode connects an Nvidia stock move with activity in tokenized shares and crypto perpetual futures. The market reaction spanned resignation reports, an after-hours stock decline and crypto-linked trading. Lee’s statement was a counterpoint to the broad selling across related trading products during the same episode.