Nasdaq Futures Drop as Nvidia Shares Plunge Following Board Ouster Report

WASHINGTON, Nov 12 (OPA) — Stock futures fell sharply Wednesday evening, driven down by a steep after-hours selloff in Nvidia shares that weighed heavily on the Nasdaq-100 index. The sudden market movement came in the wake of reports indicating potential leadership changes within the semiconductor giant.

Nvidia shares sank 8% following the close of regular trading sessions. The selloff immediately reverberated across the broader technology sector, dragging down shares of several other major chipmakers and stirring volatility in index futures.

Market analysts noted that Nvidia has served as a primary engine for tech sector gains over recent quarters, driven by unprecedented demand for its artificial intelligence hardware. Any disruption at the executive level threatens to unsettle institutional investors who have heavily backed the chip designer's growth trajectory.

Trading desks braced for a volatile session at Thursday's opening bell as investors awaited official clarification regarding the board's reported deliberations. Futures contracts tied to major tech benchmarks remained under pressure late Wednesday.