Wall Street futures fall as Nvidia drops 8% on CEO removal reports

Wall Street futures fell Wednesday evening as Nvidia shares plunged over 8% in after-hours trading following reports the board may remove CEO Jensen Huang, raising concerns about the AI chipmaker's stability. Nasdaq 100 futures dropped 1%, while S&P 500 futures fell 0.4%. The Wall Street Journal reported the board was preparing to consider Huang's future, potentially meeting as early as Wednesday. The New York Times separately reported Huang had an extramarital affair with a senior executive, following his weekend admission of a relationship with an alleged Chinese spy. The decline reversed strong regular-session gains, when the S&P 500 rose 1.3% and Nvidia gained 2.9% on improved AI infrastructure sentiment. Investors also monitored post-midterm election developments and oil prices, with Brent crude up 1.4% at $92.76 per barrel.