Nvidia CEO exit report hits Wall Street futures

Wall Street futures fell Wednesday evening after Nvidia shares plunged in after-hours trading following a report that the chipmaker's board was preparing for the possible dismissal of CEO Jensen Huang, raising concerns about the stability of the company central to the AI boom. Nasdaq 100 futures dropped 1% to 28,205.75 points, while S&P 500 futures lost 0.4% and Dow Jones futures were flat. Nvidia fell over 8% after The Wall Street Journal reported the board might discuss Huang's future as early as Wednesday, with The New York Times separately reporting he had an extramarital affair with a company manager. Huang admitted to the affair over the weekend. Huang co-founded Nvidia in 1993 and led its transformation into the world's dominant AI processor supplier, making his potential departure a significant leadership change. The decline contrasted with a strong regular session where the S&P 500 rose 1.3% and Nvidia gained 2.9%, while investors also monitored US midterm election results and oil prices.