Nasdaq-100 futures fell Wednesday evening after Nvidia shares dropped sharply in after-hours trading.
The decline followed a report that the chipmaker’s board may move to oust CEO Jensen Huang.
Nvidia stock sank roughly 8% after the closing bell, weighing heavily on Nasdaq-100 futures.
The selloff spread to other semiconductor companies, dragging down chipmaker shares across the sector.
Futures tied to the tech-heavy index pointed lower as the Nvidia news rippled through markets.
Nvidia has been a major driver of the Nasdaq-100’s gains, making its after-hours drop especially significant.
The reported board action, if confirmed, would mark a major leadership shakeup at one of the world’s most valuable chip companies.
Investors now await further details on the report and the board’s intentions.
