Nasdaq Futures Fall as Nvidia Drops 8% After Hours
Nasdaq-100 futures fell nearly 1% Wednesday evening after Nvidia shares dropped about 8% in after-hours trading, following a report that the board may oust CEO Jensen Huang. AMD and Broadcom shares rose after hours, cushioning the index as most other chip stocks fell.
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01:36:27 AM UTC
SquawkNews
Nvidia's stock will likely remain under pressure as Jensen Huang's days as CEO could be numbered, Yorkville Ives analysts say in a note. The Wall Street Journal reported that Nvidia's board is preparing to oust Huang. Yorkville Ives values Nvidia at $300 a share with Huang as CEO, and at $225 witho…
By Joseph AdinolfiShares of AMD and Broadcom rise after hours, cushioning the Nasdaq-100 as most other chip stocks fallStock futures traded lower late Wednesday.Nasdaq-100 futures (NQ00) fell nearly 1% on Wednesday evening after Nvidia shares dropped about 8% in after-hours trading, following a rep…