Nasdaq futures fall as Nvidia sinks 8% after hours on report board may oust Huang

What happened

Nasdaq-100 futures fell nearly 1% Wednesday evening after Nvidia shares dropped about 8% in after-hours trading, following a Wall Street Journal report that the company’s board was preparing to oust CEO Jensen Huang. AMD and Broadcom rose after hours, while most other chip stocks fell.

Confirmed

Global impact / market context

The report tied Nvidia’s leadership uncertainty to an immediate decline in its shares and Nasdaq-100 futures. Nvidia’s customers CoreWeave and Nebius also fell after hours; because their businesses rent computing capacity powered by Nvidia chips, prolonged weakness could pressure demand expectations across AI infrastructure.

Analyst inference

The moves were uneven across markets: S&P 500 futures fell 0.4%, Dow futures were flat, and AMD and Broadcom rose. Semiconductor weakness was already evident, with the chip index about 20% below its June record, so Nvidia’s drop adds to an existing sector strain.

Analyst inference

What to watch

1. Watch for any further reporting or company statement on the board’s plans for Jensen Huang; the article reports preparation to oust him, not a completed leadership change. Analyst inference
2. Track whether Nvidia shares and Nasdaq-100 futures continue falling, and whether AMD and Broadcom’s after-hours gains persist; the article records only the initial overnight moves. Analyst inference
3. Watch CoreWeave and Nebius for signs that lower Nvidia-related demand expectations affect their rented computing capacity businesses or their ability to sustain recent gains. Analyst inference

Evidence

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