Wall St futures fall as Nvidia slides on report of possible CEO ouster Ayushman Ojha Wed, November 11, 2026 at 8:15 PM EST 2 min read NVDA -4.53% ^NDX +2.28% ^GSPC +1.31% ^DJI +0.49% CRWV +18.65% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Investing.com-- U.S. stock futures fell on Wednesday evening as Nvidia shares tumbled in extended trading following a report that the chipmaker's board was preparing to remove Chief Executive Jensen Huang, raising concerns about stability at the company at the centre of the AI boom.
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Nasdaq 100 Futures dropped 1% to 28,205.75 points by 19:25 ET (00:25 GMT). S&P 500 Futures fell 0.4% to 7,608.75 points, while Dow Jones Futures traded flat at 52,577.0 points.
Nvidia (NASDAQ:NVDA) fell more than 8% in after-hours trading after The Wall Street Journal reported that the company's board was preparing to consider Huang's future, with a meeting potentially taking place as soon as Wednesday.
The New York Times separately reported that Huang had an extramarital relationship with a company executive who reports to him. Over the weekend, Huang admitted to an affair with Alice Huang, a Chinese businesswoman alleged to be a spy.
The report added to mounting uncertainty surrounding Huang, who co-founded Nvidia in 1993 and has led its transformation into the world's dominant supplier of artificial intelligence processors.
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The potential departure of Huang would represent a significant leadership shake-up for Nvidia, whose fortunes have been closely tied to its co-founder's strategic direction and relationships with major technology companies and customers.
Wednesday's after-hours decline contrasted with a strong performance during the regular session, when U.S. stocks rallied as improving sentiment around artificial intelligence infrastructure spending lifted technology shares.
The S&P 500 gained 1.3%, the NASDAQ Composite advanced 1.6% and the Dow Jones Industrial Average rose 0.5%. Nvidia shares climbed 2.9% during regular trading.
AI cloud infrastructure provider CoreWeave (NASDAQ:CRWV) surged 24.7% after forecasting profitability in 2028, helping ease concerns about the sustainability of heavy investment in AI infrastructure.
Beyond technology stocks, investors were monitoring developments in Washington following the U.S. midterm elections, with Democrats' gains adding another layer of uncertainty around the political and regulatory outlook.
Oil prices also remained in focus after renewed uncertainty over U.S.-Iran negotiations. Brent crude settled 1.4% higher at $92.76 a barrel.
Wall St futures fall as Nvidia slides on report of possible CEO ouster
NVIDIA shares slide over 7% as report says board preparing to oust CEO Huang
CoreWeave plans $4 billion high-grade loan, Bloomberg reports
