Nvidia Hyperliquid Price: How Nvidia Weekend Trading Moved First, and the Malaysian Impact

Nvidia’s shares could not trade on the weekend its board opened an investigation into Jensen Huang. Its price could. On Hyperliquid, a crypto exchange that runs perpetual futures on US stocks around the clock, the Nvidia contract fell 3.9% in a single hour from 4am Malaysian time on Monday 9 November, five hours before any US stock venue opened. Bursa was shut that day for Deepavali. Four days later Huang resigned as chief executive. Here is how the weekend price moved, where it stands this weekend, and what the week cost YTL Power, NationGate and the EPF.

Nvidia weekend trading: the perp moved first

The contract, listed as xyz:NVDA, is not a share. It is a perpetual future: a leveraged bet on Nvidia’s price with no expiry date, settled in the USDC stablecoin and run on Hyperliquid by a deployer called trade.xyz, with leverage of up to 20 times (Finance Magnates; the 20x cap also shows in Hyperliquid’s own data). Because it never closes, it was the only place Nvidia could be traded on Sunday afternoon in New York.

• 47 quiet hours. From the US close at 5am on Saturday to 4am on Monday, Malaysian time, the contract traded about US$0.6 million an hour, between US$186.47 and US$188.90.
• Then US$38.6 million in one hour. From 4am Monday in Malaysia, 3pm Sunday in New York, the price fell from US$187.52 to as low as US$180.15. CNBC timed the first bearish bets to the same hour and quoted the same low (CNBC).
• Five hours ahead. By 9am Malaysian time, when US overnight trading opens at 8pm Sunday New York time, US$122 million had changed hands and the perp sat at US$181.78, 2.6% below Friday’s Nasdaq close.
• It got the direction, not the size. Nvidia opened on Monday at US$173.07, 7.3% below Friday, and closed at US$178.67 (Yahoo Finance). The weekend price was an early signal, not an accurate one.

Jensen Huang resigned: Nvidia’s week in numbers

• Sunday 8 Nov. The board opened an independent investigation into reports that Huang was the target of a foreign intelligence effort and said it had no reason to believe national security or company secrets were compromised. In an internal memo, Huang said he had been unfaithful to his wife (Finance Magnates, CoinDesk).
• Wednesday 11 Nov. The New York Times reported a second relationship, with an Nvidia executive, and the Wall Street Journal reported that the board was preparing to remove him (via CoinDesk). From 6am Thursday in Malaysia, after the US close, the perp traded US$328 million in one hour and fell as low as US$156.14.
• Thursday 12 Nov. Nvidia said Huang had resigned as president, chief executive and director, effective immediately. Chief financial officer Colette Kress became interim CEO and Harvey C. Jones the board’s first chair. The statement gave no reason (Nvidia, SEC filing). The stock opened at US$151.01 and closed at US$166.19.
• Twice Ethereum. Hyperliquid’s Nvidia contract traded US$2.35 billion in the 24 hours to 12.10pm New York time on Thursday, almost double Ethereum, with about 62% of it outside regular US hours (CoinMarketCap).
• The week. US$186.64 to US$162.85, down 12.7%, and 31.9% below the 6 October close of US$239.24 (Yahoo Finance).

Nvidia Hyperliquid price this weekend

At 9pm Malaysian time on Sunday 15 November, the contract stood at US$161.00, 1.1% below Friday’s Nasdaq close of US$162.85. Its low of the weekend so far was US$156.23, 4.1% down, at 4am on Sunday. It has traded about US$5 million an hour this weekend, against US$0.6 million an hour in the calm before last weekend’s news, and about US$372 million of positions were open (our read of Hyperliquid’s data).

That number is the price of a live bet, not a prediction. Last Monday it pointed the right way and understated the fall by more than half. The first test of this weekend’s price comes when US overnight trading reopens at 9am on Monday, Malaysian time.

Malaysian impact: YTL Power, NationGate and the EPF

• Bursa had the day off. Bursa was closed on Monday 9 November for Deepavali, and reopened on Tuesday after the long weekend (Bernama). Malaysian investors watched a day of Nvidia selling before they could trade the local names. On Tuesday YTL Power fell 6.4% to RM4.69.
• YTL Power took the biggest hit. It runs an AI data centre in Johor on Nvidia chips. On Thursday it fell 39 sen, more than 8%, to RM4.40, wiping out over RM3 billion of market value (The Edge), and it ended the week at RM4.35. The Rakyat Post noted there is no verified evidence linking YTL Power to Megaspeed, the Singapore firm in the reports, or to any export-control breach, and quoted CGS International calling the fall overdone (The Rakyat Post).
• NationGate and YTL Corp. NationGate, which The Edge describes as a contract manufacturer for Nvidia, fell 9.3% in the week to RM1.65. YTL Power’s parent, YTL Corporation, fell 9.7% to RM1.86.
• The wider market held up. The FBM KLCI fell 2.1% in the week, to 1,582.59.

Your EPF savings are exposed twice. The fund held 6,848,392 Nvidia shares on 30 June, its latest US filing, worth US$1.37 billion at the time (SEC 13F). If it still held them, last week’s fall cut their value by about US$163 million, roughly RM660 million at RM4.08 to the dollar: our sum, and about 0.04% of the fund’s RM1.54 trillion in assets. EPF also owns about 12.74% of YTL Power, according to Bursa filings cited by The Rakyat Post. Its filing for 30 September, which will show whether it trimmed Nvidia, is due by 16 November.

Is Hyperliquid legal in Malaysia?

The Securities Commission added Hyperliquid to its Investor Alert List on 3 November 2026, five days before the Nvidia weekend (SC). The list names entities the SC regards as unauthorised; it is a warning, not a court ruling, and the SC says it is not exhaustive. In earlier cases the SC has said that dealing with unlicensed platforms “leaves investors unprotected” (RinggitPlus).

• 20x works both ways. At the maximum leverage, a move of about 5% against you can wipe out your margin. Nvidia moved more than that in single hours this week.
• It is a bet, not a share. No ownership, no dividend, no vote, and a price that can drift away from the real stock in thin hours.
• There are licensed routes. Malaysian brokers with US market access are regulated here; this is how they compare. And Nasdaq plans to trade 23 hours a day from 6 December, which puts the US market in Malaysian daytime.

The same weekend shock spilled into crypto: see why crypto is crashing, and follow the stock on our Nvidia page.

• Mon 9amUS overnight trading reopens: the first real price to set against this weekend’s perp.
• Wed 18 NovNvidia’s third-quarter results at about 5.20am Malaysian time, “as previously scheduled”, with the call at 6am (Nvidia).
• By 16 NovEPF’s 13F filing for 30 September: did it keep its Nvidia shares?
• 6 DecNasdaq’s 23-hour session is due to start.

Sources

• CNBC: Weekend trading of Nvidia scandal shines light on new financial products (9 Nov 2026)
• Finance Magnates: Nvidia’s price was set by perps, not Nasdaq (9 Nov 2026)
• CoinDesk: Nvidia perps crash as Huang reportedly faces the axe (12 Nov 2026)
• CoinMarketCap: Nvidia perps outtrade Ethereum on Hyperliquid
• Nvidia: NVIDIA announces CEO transition (12 Nov 2026) and the SEC Form 8-K
• Al Jazeera: Why did Nvidia CEO Jensen Huang resign? (12 Nov 2026)
• The Edge: YTL Power resumes decline amid renewed Nvidia turmoil (12 Nov 2026)
• The Rakyat Post: YTL Power caught in market fallout, EPF exposure comes into focus (12 Nov 2026)
• Bernama: Bursa reopens after the Deepavali break (10 Nov 2026)
• SEC EDGAR: Employees Provident Fund Board 13F, 30 June 2026
• Securities Commission Malaysia: Investor Alert List, 3 November 2026
• RinggitPlus: SC reprimands Bybit for unregistered operations
• Hyperliquid: xyz:NVDA market data