DISCLAIMER: GoldInvestors.news is not a registered investment, legal or tax advisor or broker/dealer. All investment/financial opinions expressed by GoldInvestors.news are from the personal research and experience of the owner of the site and are intended as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors and misprints may occur.

U.S. stock futures fell Thursday as Nvidia’s leadership turmoil hammered the AI trade and rising oil prices added another strain for investors. Nasdaq-100 futures lost 1.2%, S&P 500 futures declined 0.6%, and Dow Jones Industrial Average futures dropped 47 points, or 0.1%.

Nvidia shares sank more than 10% in extended U.S. trading as the company’s board considered Jensen Huang’s future as chief executive. The turmoil followed reports involving extramarital affairs, including a relationship with a woman U.S. intelligence agencies say is a Chinese spy.

The reports put the founder and CEO’s position atop one of the technology industry’s most important companies in doubt. Nvidia’s stock was already down more than 20% during the previous month, leaving investors exposed to another potentially severe selloff.

Several Wall Street analysts told CNBC that removing Huang could trigger a 20% decline because of his importance to Nvidia’s success. Dan Ives, founder of Yorkville Ives & Co., valued Nvidia at $300 per share with Huang as CEO and $225 without him.

Pressure spread through major names tied to AI. Oracle shares lost 3%, Micron Technology fell almost 5%, and Intel declined more than 3%, although Nvidia rivals Advanced Micro Devices and Broadcom gained 3.9% and 3%, respectively, in premarket trading.

Nebius also suffered a sharp reversal after its third quarter revenue exceeded analyst expectations but its guidance disappointed investors. The neocloud company’s shares were last down almost 16% in premarket trading after rising more than 15% during Wednesday’s regular session.

Oil supplied another source of market anxiety after President Donald Trump wrote on Truth Social, “We don’t need a deal with Iran. Those days have long since passed.” U.S. West Texas Intermediate futures rose more than 1% to above $87 per barrel.

International benchmark Brent crude futures also advanced more than 1% to above $94. The move lifted Chevron and ExxonMobil by roughly 1%, while health care stocks including Eli Lilly gained more than 1%.

Sameer Samana, head of global equities and real assets at Wells Fargo Investment Institute, urged caution about the market’s bounce. He pointed to stubborn inflation, additional Federal Reserve rate increases, higher long term interest rates, changes in Washington and AI data center regulation demands.

Initial jobless claims increased after hovering near their lowest levels since the late 1960s. First time unemployment filings totaled a seasonally adjusted 200,000 for the week ending Nov. 7, up 9,000 and above the Dow Jones consensus estimate of 195,000.

Continuing claims, which run one week behind, declined by 20,000 to just below 1.7 million. Treasury yields were mixed as bond trading resumed following the Veterans Day closure and investors awaited inflation and housing data.

The 10 year U.S. Treasury note yield was flat at 4.9920%, while the 2 year yield increased 3 basis points to 4.7568%. The 30 year Treasury note yield held steady at 5.3403%.

European shares edged higher, with the pan European Stoxx 600 adding 0.3% shortly after the opening bell. Technology stocks broke from that advance, falling 1.3% as ASMI, ASML, Be Semiconductor and Infineon declined amid the Nvidia turmoil.

Asia Pacific markets ended mostly lower. Japan’s Nikkei 225 fell 0.70% to 60,819.36, South Korea’s Kospi declined 0.61% to 5,342.73, mainland China’s CSI 300 lost 0.78%, and Hong Kong’s Hang Seng was down 1.43% late in trading.

Elsewhere, the U.K. economy grew 0.7% during the third quarter, matching estimates. Rolls Royce maintained its full year profit and cash flow guidance as orders in its power systems business rose 62% during the first nine months and its backlog reached a record £8.6 billion.

Nissan Motor shares dropped 5.22% after the automaker reported a 96% annual plunge in second quarter operating profit and reduced its full year global sales forecast. Naver fell 5.89% after reporting a 20.9% annual decline in third quarter operating profit.

JYP Entertainment surged more than 20% after third quarter results exceeded revenue expectations, with revenue rising 15% to 267.5 billion won and operating profit climbing 17.6%. Sapporo Breweries rose 5.72% after announcing plans to repurchase up to 10 billion yen of shares.

DISCLAIMER: GoldInvestors.news is not a registered investment, legal or tax advisor or broker/dealer. All investment/financial opinions expressed by GoldInvestors.news are from the personal research and experience of the owner of the site and are intended as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors and misprints may occur.