Nasdaq-100 Futures Fall 0.8% on Nvidia CEO Removal Report

Published on 11/12/2026 · Source: cnbc.com

#NVDA #NASDAQ #S&P500 #DowJones #Earnings

Nasdaq-100 Futures Fall 0.8% on Nvidia CEO Removal Report

AI Summary

Summarized by AI from the source below

Nasdaq-100 futures dropped 0.8% after reports emerged that Nvidia's board is preparing to remove CEO Jensen Huang. Nvidia shares fell around 8% in after-hours trading following allegations of an extramarital relationship involving Huang, according to The New York Times. The Wall Street Journal also reported the board's plans to oust him.

Futures for the S&P 500 declined 0.4%, while Dow Jones Industrial Average futures stayed mostly flat. In international markets, South Korea's Kospi, influenced by Nvidia suppliers Samsung and SK Hynix, fell 0.35%. Hong Kong's Hang Seng index decreased by 1.03%, Australia’s S&P/ASX 200 fell 0.31%, and Japan's Nikkei 225 was slightly higher. Earlier in the day, the Dow rose nearly 255 points (0.5%), S&P 500 increased 1.3%, and the Nasdaq Composite gained 1.6%, powered by gains in CoreWeave and Nvidia before the after-hours sell-off.

Investors remain cautious amid contrasting market forces: enthusiasm for artificial intelligence growth, including an upcoming IPO from Anthropic, and macroeconomic concerns like inflation, potential Federal Reserve rate hikes, and regulatory issues. Market participants are awaiting economic data releases on jobless claims and home sales to gauge future trends. The Nvidia news notably increased volatility and influenced futures trading for major indexes.

Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.

Our take

Opinion from the Newsstocks AI desk, not investment advice

The reported turmoil at Nvidia's leadership is causing immediate negative reactions in futures and share prices. However, broader optimism on AI growth and strong earnings from companies like CoreWeave suggest longer-term growth possibilities. Ongoing macroeconomic risks and regulatory issues create a mixed outlook, making for cautious market behavior until economic data provide more clarity.

Key numbers

Nasdaq-100 futures loss: 0.8%
Nvidia shares after-hours drop: around 8%
S&P 500 futures loss: 0.4%
Dow rise in regular trading: nearly 255 points or 0.5%

What could help

CoreWeave's better-than-expected earnings and raised revenue forecast support the long-term growth outlook in AI.
Anticipation around Anthropic's upcoming IPO may boost AI sector momentum.

What could hurt

Nvidia's CEO removal controversy undermines investor confidence and caused an immediate share price drop.
Persistent inflation and potential further Federal Reserve rate hikes increase market uncertainty.
Regulatory demands on AI and data centers may raise operational risks.

What to watch next

Markets will watch initial jobless claims data and existing home sales releases on Thursday for economic guidance.

The background

Futures trading reflects expected prices of indexes before markets open. Company leadership changes can cause stock price volatility and impact related indexes.

Questions readers ask

Why did Nvidia shares fall sharply in after-hours trading?

Nvidia shares dropped around 8% after reports that its board is preparing to remove CEO Jensen Huang following allegations of an extramarital relationship.

What upcoming economic data could influence the market next?

Initial jobless claims data and existing home sales, both scheduled for Thursday, are the next key economic releases investors are monitoring.

About NVIDIA Corporation (NVDA)

Nvidia designs the graphics and AI accelerator chips that power gaming, data centers, and the generative-AI boom, making it a bellwether for the semiconductor industry.

The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.