Stock market today: S&P 500, Nasdaq futures sink as Nvidia CEO turmoil jolts confidence Grace O'Donnell and David Hollerith Updated Thu, November 12, 2026 at 6:47 AM EST 2 min read NVDA -7.55% ^GSPC +1.31% ^DJI +0.49% ^IXIC +1.60% Trade NVIDIA 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.
US stock futures were mixed in premarket trading on Thursday as reports of Nvidia (NVDA) CEO Jensen Huang's second affair with an executive at the company tanked the chipmaker's stock, dragging the tech sector down with it.
Futures on the S&P 500 (ES=F) fell 0.4%, while contracts for the tech-heavy Nasdaq-100 (NQ=F) dropped 0.8%, backsliding from Wednesday's chip stock-led rally. Futures on the Dow Jones Industrial Average (YM=F) remained in the green.
Nvidia stock tumbled 5.6% in premarket trading as the company's board decided whether to oust Jensen Huang from the top role, raising questions over who could succeed Huang, who has been at the heart of the AI trade since ChatGPT's launch nearly four years ago. Nvidia's web of tie-ups with AI companies also created uncertainty about how great the fallout from Huang's affairs and potential dismissal could be for the market broadly.
Follow the latest developments on Nvidia's CEO here.
Some chipmakers, including Intel (INTC) and Micron (MU) fell, while others, such as Nvidia rival AMD (AMD) rose. In Asia, stocks held steady.
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Meanwhile, energy prices continued to decline Wednesday with Brent Crude Futures (BZ=F) hovering below $93 per barrel.
While the bond market was closed Wednesday, Wall Street analysts have rapidly adjusted their forecasts for more and bigger interesr rate hikes from the Federal Reserve following Tuesday's hotter-than-expected inflation report.
A more hawkish central bank is seen as a negative for US borrowers and riskier assets including cryptocurrencies. Most digital asset were in the red early Wednesday with bitcoin (BTC) tumbling overnight. Major index provider MSCI is officially removing bitcoin's biggest bull, Strategy (MSTR), from its USA indices.
Embattled Nvidia (NVDA) CEO Jensen Huang was allegedly involved in a second extramarital affair.
The company's board is reportedly meeting to determine if it will oust Huang as chief executive, the Wall Street Journal reports. Nvidia stock fell in after-hours trading following the report.
According to The New York Times, Huang, whose relationship with a woman alleged to be a Chinese spy has embroiled the company in scandal this week, also had a relationship with Nvidia executive Kimberly Powell.
She joined Nvidia in 2008 and heads up the company's healthcare business.
The Times report says that Huang and Powell were seen being affectionate at a hotel during a company conference in March, and that when a bystander took a photo of the interaction, a security guard "sequestered them" and made them an offer to sign a nondisclosure agreement.
Economic data: Initial jobless claims (189,000 last week), existing home sales
Earnings calendar: Cisco Systems (CSCO), Applied Materials (AMAT), Brookfield (BN), Nu Holdings (NU), Nebius Group (NBIS), Cerebras Systems (CBRS), Korea Electric Power (KEP), QXO (QXO), Brookfield Wealth Solutions (BNT), Dillard's (DDS), Hudbay Minerals (HBM), Stantec (STN), Arrowhead Pharmaceuticals (ARWR), Twist Bioscience (TWST), Companhia Paranaense de Energia (ELPC), Mobility Global (MBGL), Kodiak Sciences (KOD), NIQ Global Intelligence (NIQ)
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Catch up on some top stories from overnight:
Nvidia reportedly preparing to oust CEO Huang after alleged affairs with spy, Nvidia exec
Asian stocks fragile, Nvidia plummets as board to decide CEO's fate
Alphabet kicks off Asia bond sale as AI firms face scrutiny
Hugging Face cofounder: Open-weight AI models were 'our savior'
Trump plans to sell public land, reducing size of federal estate
