Nasdaq futures slip with Nvidia woes, Anthropic IPO in focus
NVDA•Nasdaq 100 futures fell 0.35% as investors weighed controversy involving Nvidia CEO Jensen Huang and Anthropic’s expected IPO of up to $64.4 billion. Dow futures rose 0.3%, while S&P 500 futures were nearly unchanged ahead of inflation data.
1. Futures diverge
At 6:04 a.m. ET, Nasdaq 100 E-minis were down 0.35%, Dow E-minis were up 0.3% and S&P 500 E-minis had added 0.01%. Nvidia shares were last up 0.3%, after trimming most of their premarket gains. The Information reported that Jensen Huang’s affair with Alice Huang, who is alleged to be a Beijing spy, facilitated shipments of at least $7.5 billion worth of Nvidia chips through Chinese firms.
2. Anthropic IPO
Anthropic’s IPO is expected to raise as much as $64.4 billion, according to a draft prospectus. The article said a listing could make other AI companies compete harder for investor dollars. Intel and Marvell Technology shares were each about 2% lower in premarket trading.
3. Inflation in focus
Economists surveyed by Reuters expected the Consumer Price Index to rise 0.3% last month, following a 0.6% increase in September, with core CPI up 2.8% year over year. Brent crude fell below $90 a barrel for the first time since August. CoreWeave was due to report quarterly earnings after the market close.
