Premarket movers: Nvidia sinks; Lilly gains on China approval Pranav Kashyap Thu, November 12, 2026 at 7:18 AM EST 4 min read NVDA -7.91% LLY +2.56% ^NDX +2.28% 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.
Invesitng.com - U.S. stock index futures were mixed on Thursday, with Nasdaq 100 futures leading declines as reports that Nvidia's board was weighing the future of Chief Executive Jensen Huang rattled sentiment toward artificial intelligence-linked stocks.
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The reports added to uncertainty surrounding the chipmaker's leadership, prompting investors to reassess exposure to the semiconductor sector.
At 05:32 ET, Dow E-minis were up 61 points, or 0.12%, while S&P 500 E-minis had fallen 24.25 points, or 0.31%. Nasdaq 100 E-minis were down 181 points, or 0.64%.
Here are some of the biggest premarket U.S. stock movers today:
Nvidia shares fell more than 6% in premarket trading after reports that the company's board was considering removing Huang as chief executive following revelations about two extramarital relationships, one of which allegedly involved a suspected Chinese intelligence asset. The Wall Street Journal reported that directors were expected to meet as soon as Wednesday to discuss Huang's future and assess whether the relationships created potential conflicts of interest or security risks. Bloomberg News separately reported that Nvidia was working with an outside firm to identify a potential successor. The reports have not been accompanied by a confirmed board decision or official statement.
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The weakness spread across much of the semiconductor sector. U.S.-listed shares of SK Hynix fell 3.2%, while Micron Technology lost 2.7%. Marvell Technology, Intel and Lam Research each shed around 1.9%, reflecting broader pressure on chip stocks amid uncertainty surrounding Nvidia.
Advanced Micro Devices and Broadcom, however, moved higher in premarket trading. AMD's graphics processing units compete with Nvidia's data center accelerators, while cloud providers have increasingly explored custom chip designs as alternatives to Nvidia's standard GPUs. Continued uncertainty at Nvidia could accelerate efforts by customers to diversify their AI chip suppliers.
Eli Lilly shares gained 2.8% after China's drug regulator approved the company's weight-loss pill, orforglipron, giving the drugmaker a potential advantage over Danish rival Novo Nordisk in the world's second-largest pharmaceutical market. The pill is expected to compete with once-weekly GLP-1 weight-loss injections from Novo Nordisk, Pfizer and China's Innovent Biologics. Both Lilly and Novo Nordisk are betting that oral treatments could attract patients who are reluctant to use injections. China's National Health Commission has warned that the proportion of people who are overweight or obese could exceed 65% by 2030, underscoring the potential scale of the market.
Strategy shares fell 5% in premarket trading after index provider MSCI said it would remove Michael Saylor's company and other firms from its global indexes, a decision that could reduce passive investment flows into the stocks. MSCI determined that the companies more closely resemble investment funds, which are excluded from its benchmarks. The index provider had previously proposed excluding digital-asset treasury companies whose digital asset holdings account for at least 50% of total assets, before broadening its review to other non-operating companies with fund-like characteristics.
Aevex Corp stock surged 12.1% in pre-open trading after the Solana Beach-based defense technology company reported third-quarter revenue of $189.7 million, up 56.5% year-over-year, handily beating analyst estimates, and simultaneously raised its full-year 2026 financial outlook by a wide margin.
CEO Roger Wells stated that "AEVEX delivered strong third-quarter results with total revenue and Adjusted EBITDA growth, and related margin expansion," setting a confident tone that carried momentum from Wednesday's after-hours session into Thursday's pre-market.
Premarket movers: Nvidia sinks; Lilly gains on China approval
AMD, Broadcom gain after reports say Nvidia board preparing to oust Huang
European shares hit record highs as defensive appeal offsets Nvidia shock
