NVIDIA Board Weighs Ousting Jensen Huang; Stock Slump Drags Down US Equity Futures
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Author:小编   

On November 12, US equity index futures declined as NVIDIA considers replacing CEO Jensen Huang, with the stock's drop accounting for more than half of the fall in Nasdaq 100 futures. Nasdaq 100 futures slid 0.6%, while S&P 500 futures lost 0.3%. Freshly disclosed friction between Jensen Huang and the executives who report directly to him has further fueled outside concerns, and the board is meeting to discuss whether to remove him. Should the decline persist, the company's market value would evaporate by more than $200 billion. The selloff weighed on AI-related stocks: cloud computing company CoreWeave, which had risen on Wednesday, fell about 5%, while rivals Broadcom and Advanced Micro Devices gained. Adam Crisafulli of Vital Knowledge said the news is clearly negative, noting that Jensen Huang is the most prominent executive at the most representative company in the world's most important industry, and his departure would unquestionably deal a blow to the firm.