BlockBeats: Nvidia falls more than 7% in pre-market trading as the market focuses on whether Jensen Huang will stay or leave
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AT A GLANCE
After media reports about Jensen Huang's possible departure emerged, Nvidia fell more than 7% in pre-market trading, and Nasdaq 100 futures fell 0.88%.
Article
The turmoil over whether Jensen Huang will stay or leave continues to escalate; Nasdaq futures fall 0.88%, and Nvidia drops more than 7% in pre-market trading
BlockBeats news, November 12, selling pressure on Nvidia intensified again in U.S. after-hours trading. The New York Times reported that Jensen Huang had an extramarital affair with a company executive; The Wall Street Journal reported that Nvidia's board is preparing to remove him from his position. Investors are assessing the potential impact of Huang's departure on Nvidia and the AI market.
According to data from the BIT stock platform, in U.S. pre-market trading on Thursday, Nvidia's share price fell more than 7%, Nasdaq 100 index futures fell 0.88%, S&P 500 index futures fell 0.41%, and Dow Jones futures were essentially flat.
Other AI-related stocks showed mixed performance: CoreWeave surged 25% on Wednesday after beating expectations and raising its revenue guidance, but pulled back 6.81% in pre-market trading on Thursday; AMD rose 2.49%, and Broadcom was expected to rise 1.76%.
Sameer Samana, head of global equities and real assets at Wells Fargo Investment Institute, said caution is still needed regarding the market rebound, as stubborn inflation, further interest rate hikes by the Federal Reserve, rising long-term interest rates, changes in U.S. policy, and regulatory requirements for AI data centers could all put pressure on the market. The U.S. will release initial jobless claims and existing home sales data on Thursday.
Original link https://m.theblockbeats.info/flash/376997
Key points
01
BlockBeats said that on November 12, selling pressure on Nvidia intensified again in U.S. after-hours trading.
02
The New York Times reported that Jensen Huang had an extramarital affair with a company executive; The Wall Street Journal reported that Nvidia's board is preparing to remove him from his position.
03
According to data from the BIT stock platform, in U.S. pre-market trading on Thursday, Nvidia's share price fell more than 7%, Nasdaq 100 index futures fell 0.88%, S&P 500 index futures fell 0.41%, and Dow Jones futures were essentially flat.
04
CoreWeave surged 25% on Wednesday after beating expectations and raising its revenue guidance, but pulled back 6.81% in pre-market trading on Thursday; AMD rose 2.49%, and Broadcom was expected to rise 1.76%.
05
Sameer Samana, head of global equities and real assets at Wells Fargo Investment Institute, said caution is still needed regarding the market rebound, and mentioned that stubborn inflation, further interest rate hikes by the Federal Reserve, rising long-term interest rates, changes in U.S. policy, and regulatory requirements for AI data centers could bring pressure.
06
The U.S. will release initial jobless claims and existing home sales data on Thursday.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The report says the market is assessing the potential impact of Jensen Huang's departure on Nvidia and the AI market. Pre-market data shows declines in Nvidia and some index futures, while other AI-related stocks performed unevenly. The article also cites the views of a Wells Fargo Investment Institute head on market risks.
Why it matters to readers
The pre-market changes in Nvidia's share price and related index futures reflect investors' reactions to the relevant reports and market risks; however, this news does not confirm the personnel situation described in the reports.
Pre-market prices are formed in trading before the official opening and may differ from post-opening trends. When reading such news, one can distinguish between media reports, platform market data, and confirmed company information.
Risks and unknowns
The given materials do not provide any company or board announcements, so it cannot be confirmed whether Jensen Huang will leave.
Both the extramarital affair and the board's plan to remove him are contents of media reports; the given materials do not provide the original reports or independent verification.
The market data comes from the BIT stock platform; the materials do not provide independent verification, nor do they explain the trend after the pre-market prices.
Based solely on the materials, it cannot be confirmed that the decline in stock index futures was caused by reports about whether Jensen Huang would stay or leave.
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