The controversy over Jensen Huang's departure continues to escalate, with Nasdaq futures down 0.88% and Nvidia dropping over 7% in pre-market trading.

November 12 — Selling pressure on Nvidia intensified again in U.S. after-hours trading. The New York Times reported that Jensen Huang had an extramarital affair with a company executive; The Wall Street Journal reported that Nvidia's board is preparing to remove him from his position. Investors are assessing the impact of Jensen Huang's potential departure on Nvidia and the AI market.

According to data from the BIT stock platform, in Thursday's U.S. pre-market session, Nvidia shares fell more than 7%, Nasdaq 100 index futures fell 0.88%, S&P 500 index futures fell 0.41%, and Dow futures were essentially flat.

Other AI-related stocks showed mixed performance: CoreWeave surged 25% on Wednesday after beating earnings expectations and raising revenue guidance, but fell 6.81% in Thursday's pre-market session; AMD rose 2.49%, and Broadcom was expected to rise 1.76%.

Sameer Samana, Global Head of Equities and Real Assets at Wells Fargo Investment Institute, said the market rally still requires caution, as stubborn inflation, further Federal Reserve rate hikes, rising long-term interest rates, as well as changes in U.S. policy and regulatory requirements for AI data centers could all weigh on the market. The U.S. will release initial jobless claims and existing home sales data on Thursday.