Nasdaq 100 Futures Drop As Reports Relating To Jensen Huang’s Ousting Outweigh CoreWeave’s Strong Outlook — NVDA, TSLA, SNDK, CAPR, CRWV In Focus

Key points

• Nasdaq-100 futures fell about 1% after-hours, and S&P 500 futures declined roughly 0.4%, while the Dow held steady following a Wednesday session where major indices posted gains.
• Nvidia shares dropped about 5% after-hours amid reports that the board was preparing to remove CEO Jensen Huang following internal and federal scrutiny over extramarital affairs.
• CoreWeave lifted its 2026 revenue guidance to a range of $13 billion to $13.3 billion and issued an adjusted operating income target of $1.27 billion to $1.37 billion, bolstering AI-sector optimism.
• On the day, broad market action showed the S&P 500 up 1.3%, the Nasdaq 100 up 2.3%, and the Dow up 0.5%, with the QQQ ETF also rising 2.3% as AI-related equities led gains.
• Semiconductor-focused ETFs SMH and another key tech ETF gained between 5% and 6% after CoreWeave’s guidance, highlighting appetite for AI-enabled growth despite Nvidia’s headlines.
• Tesla CEO Elon Musk indicated Cybertruck production would extend through the end of summer 2027 to meet existing orders, pushing back a prior wind-down timeline.
• A congressional development emerged as senior House Republicans signaled readiness to subpoena Nvidia’s Jensen Huang to testify about his involvement with a woman suspected of acting as a Chinese spy.