US stock futures rise after Nvidia CEO's exit sparks selloff

U.S. stock futures edged higher Thursday evening after major indices dipped, as Nvidia shares fell 4.3% following founder and CEO Jensen Huang's exit amid a scandal involving reported extramarital affairs, including a relationship with a woman U.S. intelligence officials believe is a Chinese spy. Analysts told CNBC Huang's departure could trigger a 20% correction in Nvidia's stock, though technology investor Paul Meeks said he's buying shares "with both hands" due to the compressed valuation. CFO Colette Kress, a company veteran of over a decade, will serve as interim CEO while the board searches for a permanent replacement. In other chip sector news, Cerebras shares jumped 18% in extended trading on a revenue beat and a Microsoft deal. Markets now look ahead to Friday's producer price index report from the Labor Department, a measure of wholesale inflation.