Nvidia Leadership Crisis Drags on U.S. Stock Futures, Pressures AI Trade
Nvidia shares fell nearly 7% in premarket trading as the company’s board considered removing co-founder Jensen Huang from his position.
A facts-only brief, written by a local AI model from this article in The Wall Street Journal, November 12, 2026. It may contain mistakes, and it is not the article: the full story is at wsj.com.
Nvidia shares fell nearly 7% in premarket trading as the company’s board considered removing co-founder Jensen Huang from his position. The board is weighing this decision following reports of two extramarital affairs, one with an Nvidia employee and another with an alleged Chinese spy. Investors are awaiting further clarity on Huang’s status, with additional news expected later Thursday.
Background
- The drop in Nvidia stock dragged Nasdaq and S&P 500 futures lower and pushed major Asian stock indexes down, while European chip makers like ASML also posted losses.
- Saxo strategist Charu Chanana noted that the AI trade was already facing questions regarding infrastructure spending and profitability, raising concerns about whether Nvidia’s issues would disrupt spending or shift it to competitors.
- U.S. Treasury yields ticked higher as traders returned after the Veterans Day holiday, with 10-year yields trading close to 5% amid expectations for a December Federal Reserve rate hike.
- Brent crude oil prices rose slightly to trade below $93 a barrel, while Bitcoin continued to struggle at approximately $73,500.
Read the full article at wsj.com
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