Nasdaq Futures Sink as Nvidia Woes Resume

Stock futures are lower this morning after Nvidia (NVDA) CEO Jensen Huang abruptly stepped down amid reports,  with Colette Kress stepping in as interim chief. Nasdaq-100 Index (NDX) futures are down 320 points, while the S&P 500 Index (SPX) and Dow Jones Industrial Average (DJI) are pointing to a lower open as well. Meanwhile, West Texas Intermediate (WTI) crude is modestly higher after President Donald Trump said in a Truth Social post that the U.S. no longer needs a deal with Iran.

Continue reading for more on today's market, including:

• Home Depot stock running into familiar technical pressure before earnings. 
• Don't bet on a MongoDB stock rally just yet. 
• Plus, more on NVDA, and 2 other AI-related stocks in the spotlight this morning. 

5 Things You Need to Know Today

1. The Cboe Option Exchange saw 2.5 million call contracts and 1.5 million put contracts traded on Wednesday. The single-session equity put/call ratio fell to 0.59, while the 21-day moving average remained at 0.59. 
2. Nvidia Corporation (NASDAQ:NVDA) is down 10.3% premarket, after Huang resigned. The company's board met Wednesday to discuss potentially removing CEO Jensen Huang. The meeting followed allegations of two extramarital affairs, including one involving Alice Huang, suspected by U.S. intelligence officials of spying for China. Several lawmakers have called for Huang's resignation, adding pressure to the chipmaker. NVDA is down 6.8% year to date.
3. Advanced Micro Devices Inc (NASDAQ:AMD) has pared its earlier premarket gains, last seen up 0.7% following an upgrade to "outperform" from William Blair. The stock is coming off a recent winning streak, adding 13.1% over the past week as it rebounds from its early November lows. AMD boasts a 158.2% gain in 2026.
4. Nebius Group NV (NASDAQ:NBIS) is down 13.6% before the bell, as disappointing guidance and plans to increase capital expenditures in 2026 weighs on sentiment. The AI infrastructure company reported third-quarter revenue of $980.8 million, topping estimates, alongside a loss of 13 cents per share. Despite today's pullback, NBIS is up 84.8% year to date.

5. More inflation data due out tomorrow. 

U.K. Economy Expands 0.7%

Asian markets finished lower across the board. October wholesale data out of Japan showed a rise to 7.1% year over year, higher than the 6.5% estimates, boosted by AI demand and Middle East tensions. Traders are also keeping a close watch on Nvidia and its potential CEO ousting. For the session, Japan’s Nikkei and China’s Shanghai Composite both slid 0.7%, South Korea’s Kospi lost 0.6%, and Hong Kong’s Hang Seng backpedaled 1.3%.

European markets are enjoying healthy gains today, as a boost from healthcare names and strong earnings add to the upbeat sentiment, earlier sending Europe’s STOXX 600 Index to a record high. Meanwhile, third-quarter gross domestic product (GDP) data in the U.K. rose at its quickest rate in two years, up 0.7% between July and September. At last look, London’s FTSE 100 is up 0.3% and both Germany’s DAX and France’s CAC 40 sport gains of 0.6%.