FX.co ★ US Stock Futures Slide as Nvidia Drags

US equity futures declined on Thursday as Nvidia shares came under renewed selling pressure amid reports of potential leadership upheaval at the chipmaker. Nasdaq 100 and S&P 500 futures fell 0.9% and 0.4%, respectively, while Dow futures were little changed.

In after-hours trading, Nvidia shares dropped as much as 10% following a New York Times report alleging a relationship between CEO Jensen Huang and a company executive, and a Wall Street Journal report that the board was preparing to remove him from his role. Given Nvidia’s central position in the AI boom, the uncertainty surrounding its leadership could have broader repercussions across global markets.

Earlier on Wednesday, US equities finished the regular session higher. The Nasdaq Composite and S&P 500 rose 1.6% and 1.31%, respectively, while the Dow gained 0.49%. The rally was bolstered by a 25% jump in AI computing firm CoreWeave after it issued an upbeat business outlook, reinforcing investor confidence in the wider AI sector.