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US stock index futures have declined, and Nvidia is considering replacing CEO Hwang In-hoon. The AI chipmaker's decline accounted for more than half of the Nasdaq 100 futures decline. As of 4:35 a.m. New York time, Nasdaq 100 futures, mainly technology stocks, fell 0.6%, and S&P 500 futures fell 0.3%. Nvidia's board of directors is meeting to weigh whether to remove Hwang In-hoon. Nvidia fell nearly 6% in the premarket; if the decline continues, its market value will evaporate by more than $200 billion. Nvidia's decline has also dragged down artificial intelligence companies associated with it. New cloud company CoreWeave Inc. fell about 5% after Wednesday's rise. Nvidia's rivals Broadcom and AMD rose. Adam Crisafulli of Vital Knowledge wrote in a report: “This news is clearly negative because Hwang In-hoon is arguably the most influential executive at the core of the world's most important industry and the most important company. His departure will no doubt be a blow to the company.”
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US stock index futures have declined, and Nvidia is considering replacing CEO Hwang In-hoon. The AI chipmaker's decline accounted for more than half of the Nasdaq 100 futures decline. As of 4:35 a.m. New York time, Nasdaq 100 futures, mainly technology stocks, fell 0.6%, and S&P 500 futures fell 0.3%. Nvidia's board of directors is meeting to weigh whether to remove Hwang In-hoon. Nvidia fell nearly 6% in the premarket; if the decline continues, its market value will evaporate by more than $200 billion. Nvidia's decline has also dragged down artificial intelligence companies associated with it. New cloud company CoreWeave Inc. fell about 5% after Wednesday's rise. Nvidia's rivals Broadcom and AMD rose. Adam Crisafulli of Vital Knowledge wrote in a report: “This news is clearly negative because Hwang In-hoon is arguably the most influential executive at the core of the world's most important industry and the most important company. His departure will no doubt be a blow to the company.”
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