Nasdaq-100 futures fell Wednesday evening as Nvidia shares slid on a report that the chip giant's board is preparing to unseat CEO Jensen Huang.
Futures tied to the tech-heavy Nasdaq-100 lost 1%, while S&P 500 futures fell 0.4%. Dow Jones Industrial Average futures were little changed.
In extended trading, selling resumed in Nvidia after The New York Times reported that Huang had an extramarital relationship with an executive at the company. The Wall Street Journal also reported that Nvidia's board is gearing up to remove Huang from his post. Shares were last down around 8%.
In regular trading, the Dow rose nearly 255 points, or 0.5%. The S&P 500 advanced 1.3%, and the Nasdaq Composite jumped 1.6%. The gains were driven by a post-earnings advance in CoreWeave and a rebound in Nvidia.
Investors are weighing whether the artificial intelligence-driven rally has more room to run given recent weakness in Nvidia, while CoreWeave's better-than-expected results and raised revenue outlook reinforced the longer-term growth story heading into Thursday's session.