US stock index futures declined on Thursday, November 12, 2026, as uncertainty surrounding Nvidia Corp.'s leadership weighed heavily on investor sentiment. The AI chipmaker's shares dropped significantly, accounting for over half of the losses in Nasdaq 100 futures contracts. The tech-focused benchmark index's futures fell 0.6% as of 4:35 a.m. in New York, while S&P 500 futures slipped 0.3%.
Nvidia's board convened to discuss the potential removal of Chief Executive Officer Jensen Huang. The meeting follows reports of an additional affair, which has intensified existing concerns stemming from earlier revelations of Huang's relationship with a suspected Chinese spy. The uncertainty surrounding the CEO's future has contributed to the company's stock decline.
The broader market impact highlights Nvidia's significant influence on tech-heavy indices. The company's performance has historically played a crucial role in shaping investor confidence in the sector. The current situation underscores the sensitivity of market sentiment to executive leadership changes, particularly in high-profile tech firms.