Nasdaq futures slip with Nvidia woes, Anthropic IPO in focus
SPY•SPY•SPY•SPY•Nasdaq 100 futures fell 0.34% as investors weighed Nvidia CEO Jensen Huang-related controversy and Anthropic’s planned IPO, which is expected to raise as much as $64.4 billion at a valuation of up to $1.4 trillion. Dow futures rose 0.32%, while S&P 500 futures were nearly flat.
Nasdaq 100 futures fell 0.34% on Tuesday, while Dow futures rose 0.32% and S&P 500 futures were up 0.02%. Nvidia shares were down 0.2% in premarket trading after erasing earlier gains.
Jensen Huang's affair with Chinese businesswoman Alice Huang, alleged to be a spy for Beijing, reportedly facilitated the shipment of at least $7.5 billion worth of Nvidia chips through Chinese firms. Investors are focused on Huang's leadership and future at the company.
Anthropic's IPO is expected to raise as much as $64.4 billion, giving the company a fully diluted valuation of up to $1.4 trillion, a filing showed. Investors were also watching October CPI data due at 8:30 a.m. ET; economists surveyed expected monthly inflation of 0.3% and annual core inflation of 2.7%.
