Nasdaq-100 Futures Decline Amid Reports of Potential Nvidia CEO Ouster
Nasdaq-100 and S&P 500 futures fell during Wednesday evening extended trading, primarily driven by a sharp sell-off in Nvidia shares. The decline follows reports from The Wall Street Journal and The New York Times suggesting that Nvidia's board is considering removing CEO Jensen Huang following news of an extramarital relationship with a company executive. Nvidia shares dropped approximately 8% in after-hours trading, weighing heavily on tech-heavy indices despite earlier gains in the regular session. While recent market momentum has been bolstered by AI optimism and strong results from companies like CoreWeave, analysts warn that macroeconomic risks—including inflation, interest rate uncertainty, and potential regulatory shifts regarding AI—continue to create volatility.
Coverage
- Chip rivals AMD, Broadcom rally as Nvidia board weighs ousting CEO Jensen Huang
- Nvidia Shares Plunge Amid Reports of CEO Leadership Turmoil and Apple Gains Approval in China
- Nasdaq futures fall as Nvidia sinks 8% after hours on report board may oust Huang
- Nasdaq-100 Futures Decline Amid Reports of Potential Nvidia CEO Ouster