The "Big Short" Michael Burry: NVIDIA’s outlook is uncertain, sell off positions promptly to exit.

According to Politico, the chair of the U.S. Senate Committee on Finance has subpoenaed Jensen Huang and Commerce Secretary Lutnick to testify regarding the NVIDIA controversy.

According to Lookonchain monitoring, the attacker behind the Pando Rings hack has bought 7,548 ETH worth roughly $16.72 million. Around 7 hours ago, the same attacker transferred 4,000 ETH, valued at about $9.17 million, to Tornado Cash, allegedly attempting to move and launder the related funds through the mixing protocol.

According to Onchain Lens monitoring, Abraxas Capital has accumulated $274 million in profits on Hyperliquid. The firm currently holds a $393 million short position on the platform, with an unrealized profit of $63.49 million. Over the past 30 days, the institution has earned $115 million in profit, and its $147 million BTC short position alone currently has an unrealized profit of $9.15 million.

Quantitative hedge fund Renaissance Technologies, founded by legendary mathematician Jim Simons, revealed in its latest Q3 2026 13F filing that it made significant adjustments to its U.S. stock holdings, nearly liquidating positions in NVIDIA (NVDA), Meta (META), Apple (AAPL), and Amazon (AMZN). NVIDIA’s holdings fell 99.7% quarter-over-quarter, with a prior market value of around $1.42 billion. Notably, this sell-off occurred weeks before the controversy involving NVIDIA CEO Jensen Huang came to light. Looking at its top 10 holdings, memory chip and semiconductor firms hold key spots. Micron Technology (MU) ranks first with $1.62 billion, followed by Advanced Micro Devices (AMD) at $1.21 billion, then United Therapeutics (UTHR) at $908 million, Intel (INTC) at $835 million, Google parent Alphabet (GOOGL) at $828 million, and UnitedHealth Group (UNH) at $817 million. Additionally, the fund established a new position in SpaceX, worth roughly $621 million. In terms of specific position adjustments, Renaissance sharply boosted its stake in SanDisk (SNDK), with share count rising 5,451%; Micron and UnitedHealth saw their holdings jump 619% and 507% respectively, while AMD’s stake increased 140%. Meanwhile, besides NVIDIA, the fund cut its Meta, Apple, and Amazon positions by 99.9%, 99.8%, and 99.5% respectively, and reduced its Palantir (PLTR) stake by 71%. It also fully exited positions in Blackstone, S&P 500 ETF, Marvell Technology, and Danaher, among others. Overall, the fund’s portfolio has clearly shifted toward memory chips, semiconductors, and some newly established positions.

The White House formally submitted bipartisan nomination lists for the U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC) to the Senate on Thursday, pending approval. The move comes after last week’s midterm election losses, as President Donald Trump’s Republican Party is set to lose control of the Senate next January. Democratic nominee Kristin Johnson has been tapped for an SEC commissioner seat, with a term expiring in 2029. She previously served as a CFTC commissioner, appointed by then-Democratic President Joe Biden. Another SEC nominee announced Thursday is Republican Steven Levine, who will serve as an SEC commissioner with a term ending in 2030. Democrat Matthew Rowland is nominated as a CFTC commissioner to fill a vacant seat with a remaining term expiring in 2028. Republican Nathan Anonick is also nominated for a CFTC commissioner post, with a term expiring in 2031.

US President Donald Trump said he spoke with Nvidia CEO Jensen Huang on Wednesday. He noted that Huang has extraordinary, irreplicable talent, adding that everything Huang has achieved is remarkable, and the Nvidia he built from the ground up is simply incredible. No matter the circumstances, Huang always manages to find a way forward and re-establish his position.