Nasdaq-100 Futures Fall 0.9% as Nvidia Sinks 8% on Reports Board May Oust Huang
Updated
Updated · CNBC · Nov 11
Nasdaq-100 Futures Fall 0.9% as Nvidia Sinks 8% on Reports Board May Oust Huang
3 articles · Updated · CNBC · Nov 11
Summary
Nasdaq-100 futures dropped 0.9% late Wednesday, with S&P 500 futures off 0.3%, after Nvidia shares slid about 8% in extended trading.
The selloff followed New York Times and Wall Street Journal reports that Nvidia's board is preparing to remove CEO Jensen Huang after allegations of an extramarital relationship with a company executive.
Dow futures still rose 0.2%, a split move after regular trading had been strong: the Dow gained nearly 255 points, the S&P 500 rose 1.3%, and the Nasdaq climbed 1.6%.
CoreWeave's post-earnings rally and a raised outlook had reinforced the AI growth story earlier, but Nvidia's renewed weakness revived doubts about how much further the AI-led market advance can run.
Thursday's jobless claims and existing home sales data now loom as the next test for sentiment, with investors balancing AI optimism against persistent inflation and rate concerns.