Nasdaq, S&P 500 futures fall as Nvidia turbulence unsettles AI stocks

What happened

Nasdaq 100 futures led U.S. stock futures lower on Thursday after Nvidia fell 6% in premarket trading. Reports that Nvidia’s board was weighing CEO Jensen Huang’s ouster, following reports of two extramarital affairs, unsettled AI-linked stocks. Intel, Marvell Technology and Micron fell between 1.9% and 2.8%, while CoreWeave dropped about 6%.

Confirmed

Global impact / market context

Nvidia is described as central to the AI boom, so uncertainty over its leadership can unsettle investors concentrated in AI-related companies. If concern spreads, chipmakers and data-center businesses could face weaker share demand, while doubts about continued data-center development could further pressure expectations for their sales and spending.

Analyst inference

The futures moves were uneven: Nasdaq 100 and S&P 500 futures fell, while Dow futures rose. The article also notes that Wednesday’s CoreWeave-led gains had steadied AI stocks, suggesting the sector’s direction remains sensitive to company news and data-center growth concerns.

Confirmed

What to watch

1. Watch for any further reporting on Nvidia’s board and Jensen Huang; the article says the board was weighing an ouster, not that a leadership change had occurred. Confirmed
2. Watch whether chipmakers and AI infrastructure shares continue falling; sustained weakness could make it harder for these companies to raise capital or fund expansion on favorable terms. Analyst inference
3. Nebius was flat ahead of its quarterly results; watch for the results and company outlook, which could offer evidence about demand for AI infrastructure and data-center growth. Confirmed

Evidence

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