Wall St set to open lower after Nvidia rout, oil gains

What happened

Wall Street’s main indexes were set to open lower Thursday as investors retreated amid higher oil prices and concerns about a possible leadership change at Nvidia. Reports of a second affair involving CEO Jensen Huang sent Nvidia shares down 8.5% in premarket trading, while Nebius forecast 2026 revenue at the low end of its previous range.

Confirmed

Global impact / market context

Nvidia’s decline reflects concern that a leadership change could unsettle confidence in a company central to the AI boom. Separately, Nebius’s weaker revenue outlook raises questions about demand and growth among AI infrastructure providers, weighing on related companies’ shares and potentially making future investment harder to fund.

Analyst inference

The pressure extended beyond Nvidia: Nebius fell 16%, CoreWeave about 10%, and several chipmakers and data-center firms also declined. This points to broader sensitivity to AI growth expectations, while higher oil prices added another reason investors were stepping back from risk.

Analyst inference

What to watch

1. Watch for further information about whether Jensen Huang’s leadership is at risk; the article describes a possible ouster, not a confirmed departure or succession plan. Analyst inference
2. Watch for Nebius’s reported 2026 revenue compared with its earlier forecast; the article says it expects the low end, but gives no revised figure. Confirmed
3. Track whether weakness spreads across AI-linked firms, since falling shares could make raising money for data-center expansion more costly if investor confidence deteriorates. Analyst inference

Evidence

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