Nvidia fell nearly 6% in pre-market trading, accounting for more than half of the decline in Nasdaq 100 Index futures.
39 minutes ago
According to data from BIT Stock Platform, U.S. stock index futures fell, with NVIDIA reportedly considering replacing its CEO Jensen Huang. The AI chip maker’s decline accounted for more than half of the drop in Nasdaq 100 Index futures. As of 4:35 a.m. New York time, the tech-heavy Nasdaq 100 Index futures fell 0.6%, while S&P 500 Index futures dropped 0.3%. NVIDIA’s board of directors is meeting to deliberate whether to oust Huang, following reports of an extramarital affair involving the CEO. NVIDIA’s pre-market shares fell nearly 6%; if the decline holds, its market capitalization would erase more than $200 billion. The chipmaker’s slump also dragged down related AI firms. CoreWeave Inc., a Neocloud company, fell around 5% after surging on Wednesday. NVIDIA’s rivals Broadcom and AMD, by contrast, rose. Adam Crisafulli of Vital Knowledge wrote in a report: “This news is clearly negative, as Jensen Huang is arguably the most influential executive at the core of the world’s most important industry and most critical company. His departure would undoubtedly deal a heavy blow to the firm.”
The probability of no change in Nvidia’s CEO position has risen to 29%, surpassing two internal candidates to temporarily take the top spot.
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Binance Wallet’s on-chain smart money signals now support automated trading via Agentic Wallet.
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Google’s Antigravity enables browser control: AI can autonomously open web pages, test code, and perform parallel multi-tasking.
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Royal Bank of Canada cuts Nvidia's price target from $330 to $230
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Yesterday, NVIDIA’s contract trading volume on Trade.xyz exceeded $970 million, hitting an all-time high.
6 minutes ago
Citi consecutively cuts Nvidia's price target to $225.
6 minutes ago
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