Nvidia shares fell more than 8% in after-hours trading as its board met to decide whether to oust CEO Jensen Huang. Asian stocks were mixed, while S&P 500 futures slipped 0.4%.
Nvidia shares fell more than 8% after hours after a source familiar with the matter said the company's board was meeting late Wednesday to decide whether to oust longtime CEO Jensen Huang. The company is dealing with allegations that Huang had an affair with a suspected Chinese spy; a report also said he had a relationship with a company executive who reported to him.
Regional indexes were mixed in early Thursday trading: South Korea's Kospi rose 0.2%, Taiwan's shares gained 0.5% and Japan's Nikkei 225 climbed 0.5%, while Hong Kong shares weighed on the broader Asia-Pacific index, which slipped 0.1%. S&P 500 e-mini futures fell 0.4% after the S&P 500 rose 1.3% on Wednesday.
The dollar index was steady at 102.87 after rising 0.6% on Wednesday as traders reassessed the likelihood of a Federal Reserve rate increase next month. Fed funds futures priced an 87.3% chance of a 25-basis-point hike at the December meeting and a 12.7% chance of a 50-basis-point hike.
