TSX futures subdued amid reports Nvidia board preparing ouster of CEO Jensen Huang Scott Kanowsky Thu, November 12, 2026 at 7:10 AM EST 4 min read ^IXIC +1.60% NVDA -7.93% ^GSPTSE +0.67% LAC -0.60% CLS -2.47% 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 - Futures linked to Canada's main stock index were muted on Thursday, as investors assessed reports that Nvidia's board may be preparing to oust CEO Jensen Huang.
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By 06:12 ET (11:12 GMT), the S&P/TSX 60 index standard futures contract had fallen by 1 points, or 0.1%.
On Wednesday, the S&P/TSX composite index ticked up by 0.67% to end at 36,411.72 points. Domestic technology names like Celestica and Kinaxis rose sharply, mirroring renewed optimism on Wall Street around the artificial intelligence trade.
Meanwhile, shares of collision repair operator Boyd Group slumped on weaker-than-anticipated third-quarter adjusted profits, while Lithium Americas shed more than 12% following an increased cost estimate for the first phase of a project in Nevada.
Nasdaq futures ticked lower on Thursday,. By 06:26 ET, the Nasdaq 100 futures contract had fallen by 239 points, or 0.8%, while S&P 500 futures had dropped by 30 points, or 0.4%. Dow futures were mostly unchanged.
Nvidia (NASDAQ:NVDA) fell more than 7% in premarket trading after The Wall Street Journal reported that the company's board could meet on Wednesday to consider Huang's future.
Companies linked to Nvidia through circular financing deals also fell, including CoreWeave, Iren, and Coherent. These firms are both buyers of Nvidia's chips and beneficiaries of investments from the tech behemoth -- an arrangement that has become a key pillar of Huang's drive to maintain the AI boom.
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Not all tech names were being dragged down. Nvidia's biggest rivals, such as Advanced Micro Devices and Broadcom, advanced on wagers that they could take advantage of Nvidia's upheaval to carve out a greater chunk of the lucrative AI chip market.
The New York Times has reported that Huang had an extramarital relationship with a company executive, adding to mounting uncertainty surrounding the Nvidia co-founder who has led its transformation into the world's dominant supplier of artificial intelligence processors . Over the weekend, Huang also admitted to an affair with a businesswoman alleged to be a Chinese spy.
Huang's potential departure would represent a significant leadership shake-up for Nvidia, whose fortunes have been closely tied to Huang's strategic direction and relationships with major technology companies and customers.
"While it is not certain that the Board will oust the CEO, it is not obvious that Nvidia has a succession plan or a visible #2 operational or strategic leader at the company. Therefore, should they decide that the CEO has to step down after a prolonged investigation, it may then face an extended process to find a new CEO, leaving the company in a leadership limbo," analysts at Evercore including Mark Lipacis and Haydn Potgieter said in a research note downgrading their rating of Nvidia.
The retreat in Nvidia shares stemmed a muted rally U.S. stocks rallied in the previous session, as sentiment around the AI trade was bolstered by an upbeat outlook from neocloud player CoreWeave, excitement around Anthropic's potential blockbuster initial public offering, and a surge in revenue at ChatGPT-maker OpenAI. 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%, clawing back some deep losses from earlier in the week.
Elsewhere, oil prices also remained in focus after renewed uncertainty over U.S.-Iran negotiations and signs of renewed oil flows out of the Middle East. Brent crude futures were choppy after settling higher on Wednesday.
Gold prices slipped, dropping below the $4,000-an-ounce level, as persistent inflation concerns and hawkish Federal Reserve commentary reinforced expectations of another interest-rate increase in December.
TSX futures subdued amid reports Nvidia board preparing ouster of CEO Jensen Huang
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