Major equity futures retreated on Thursday as a 6% premarket decline in Nvidia dragged down several key semiconductor and artificial intelligence firms. U.S. Trade Representative Jamieson Greer confirmed government concern surrounding the chipmaker amid reports that its board is considering ousting Huang. At the same time, Michael Saylor's Strategy slid 4.3% following MSCI's announcement to drop the firm from its global indexes. Traders are also bracing for Friday's Producer Price Index report after higher-than-expected consumer prices bolstered bets on a December Federal Reserve rate hike.
Key points
Unresolved leadership uncertainty at Nvidia has triggered wider selling across major arti…: Unresolved leadership uncertainty at Nvidia has triggered wider selling across major artificial intelligence and hardware stocks.
Federal officials are actively monitoring the developments, with U.S. Trade Representativ…: Federal officials are actively monitoring the developments, with U.S. Trade Representative Jamieson Greer voicing concern over the company.
Higher consumer price data has solidified expectations that the Federal Reserve will impl…: Higher consumer price data has solidified expectations that the Federal Reserve will implement an interest rate hike in December.
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Nasdaq, S&P 500 futures slide as Nvidia turbulence rattles AI stocks: Stock Market Live Updates
12 Nov 2026 | 07:15:49 PM IST
Synopsis
Dow Jones | Nasdaq | Stock Market Live: Futures tracking the Nasdaq 100 led Wall Street lower on Thursday after Nvidia shares plunged on reports that its board was weighing the ouster of CEO Jensen Huang, souring sentiment toward AI-linked stocks.
The AI heavyweight fell 6% in premarket trading after reports that its longtime leader had two extramarital affairs, fueling concerns about the potential impact of a leadership change at a company central to the AI boom. The volatility highlights a growing divide over the AI trade: fears of slower data-center development have intensified since the Democrats’ midterm election sweep, while some investors view the recent pullback as a buying opportunity.
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07:15:48 PM IST, 12 Nov 2026
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