Nasdaq 100 Futures Drop As Reports Relating To Jensen Huang’s Ousting Outweigh CoreWeave’s Strong Outlook - NVDA, TSLA, SNDK, CAPR, CRWV In Focus

Key Points:

• U.S. stock indices closed higher on Wednesday, with the S&P 500 up 1.3%, Nasdaq 100 rising 2.3%, and Dow Jones Industrial Average gaining 0.5%, driven by an upbeat outlook from CoreWeave Inc. and positive AI sector sentiment.
• CoreWeave raised its 2026 revenue guidance to $13 billion-$13.3 billion and adjusted operating income guidance to $1.27 billion-$1.37 billion, boosting semiconductor ETFs by 5-6%, while the broader tech sector also saw gains.
• Nvidia shares dropped 5% after-hours amid reports that its board is considering removing CEO Jensen Huang due to internal and federal scrutiny over extramarital affairs, including one involving a suspected Chinese intelligence asset; this news caused futures for major indices to decline.
• Congress is reportedly prepared to subpoena Nvidia CEO Jensen Huang to testify regarding his alleged involvement with a woman suspected of being a Chinese spy, adding to regulatory and political pressures on the company.
• Market participants remain cautious about the sustainability of the AI-driven rally amid inflation concerns and expectations of a Federal Reserve interest rate hike in December, while investors show mixed sentiment on tech and AI stocks in after-hours trading.