Nvidia leadership turmoil drags Nasdaq futures lower
Reports that the board may oust CEO Jensen Huang sparked a selloff in chip stocks and pushed US index futures down on Thursday.
Reports that the board may oust CEO Jensen Huang sparked a selloff in chip stocks and pushed US index futures down on Thursday. Published 2026-11-12 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
Written by Falling Shares Intelligence, our automated newsroom, from the public sources listed below and live market data. Every figure is checked against that material before publication, but the story has not been reviewed by a human editor. Check the linked sources before relying on it, and report errors to info@fallingshares.com.
Nasdaq-100 futures fell significantly on Thursday as Nvidia shares plunged in after-hours trading following reports that the board may oust CEO Jensen Huang. The leadership turmoil at the world’s most valuable company unsettled broader artificial intelligence-linked stocks and dragged down US index futures.
Selloff spreads to chipmakers
Nvidia’s shares plummeted after the closing bell on Wednesday, triggering a selloff that extended into Thursday’s early trading. Futures tracking the Nasdaq 100 and the S&P 500 traded mostly lower as the news weighed on technology shares. The decline in investor sentiment towards AI-linked stocks followed reports about the chipmaker’s chief executive.
The uncertainty over semiconductor exports to China also contributed to the pressure on the sector. Futures were sliding in the evening as the broader market reacted to the leadership concerns at the industry leader. Other chip makers saw their shares dragged down by the initial Nvidia decline.
Inflation data and rate hike fears
World shares were mixed on Thursday as the Nvidia troubles continued to weigh on sentiment. While technology stocks faced headwinds, other sectors showed varied performance. The Globe and Mail reported that the AI-related stocks were particularly sensitive to the news from Santa Clara.
Beyond the tech sector, macroeconomic factors added to the cautious tone. The upcoming Producer Price Index data raised inflation expectations among investors. A December rate hike by the Federal Reserve is anticipated, with concerns over economic impacts and geopolitical risks remaining prevalent in the background.