Traders work on the floor of the New York Stock Exchange on November 10, 2026 in New York City, USA.
Brendan McDiarmid | Reuters
Nasdaq 100 futures fell early Thursday as Nvidia shares fell after reports that the semiconductor giant’s board was preparing to fire CEO Jensen Huang.
Futures tied to tech companies Nasdaq-100 Although we lost 0.92%, S&P500 futures It fell by 0.45%. Dow Jones Industrial Average Futures Added 12 points to trade near the flatline.
Selling pressure on Nvidia increased again in after-hours trading after the New York Times reported that Huang had an affair with a company executive. The Wall Street Journal also reported that NVIDIA’s board of directors is preparing to remove Huang from his post. The stock price fell more than 8% last time.
Nvidia shares fell 7% in premarket trading Thursday as investors weighed Huang’s possible departure.
Investors are considering whether there is room for the artificial intelligence-driven bull market to expand further given Nvidia’s recent weakness.
coreweave‘s better-than-expected results and raised earnings guidance strengthened its long-term growth story heading into Thursday’s session. Coreweave shares fell 7.2% in premarket trading.
meanwhile, advanced micro device Added 3% faster than market open. broadcom There was an increase of 2.5%.
In normal transactions, Dow It increased by nearly 255 points (0.5%). The S&P 500 rose 1.3% and the Nasdaq Composite rose 1.6%. This gain was driven by increased post-earnings profits. coreweave And Nvidia’s backlash.
Enthusiasm for AI may be driving the market, coupled with momentum from Anthropic’s upcoming IPO. But Macro and policy risks mean we need to continue to be selective rather than chasing performance, said Sameer Samana, head of global equities and real assets at Wells Fargo Investment Institute.
“There are some last-minute changes happening, including stubborn inflation, further Fed rate hikes, higher long-term rates, changes in the composition of Washington, D.C. (and) AI/data center regulatory requirements, so we’d be a little cautious about a pullback,” he said.
Investors are also keeping an eye on upcoming economic data for further clues about inflation, the labor market and the broader outlook. On Thursday, the market will get its first jobless claims data at 8:30 a.m. ET, followed by existing home sales announcements at 10 a.m.
In Asia, Japan’s Nikkei Stock Average fell 0.70%. South Korea’s Kospi, dominated by Nvidia suppliers Samsung and SK Hynix, fell 0.61%. Hong Kong’s Hang Seng index was down 1.43% in the hour to close, while mainland China’s CSI300 index was down 0.78%. Australia’s S&P/ASX 200 closed flat.
Stocks listed in Europe rose slightly on the back of the market, but high-tech stocks fell sharply, dragged down by semiconductor stocks.
